This quote from article in today's Australian ("Cash-rich China Inc rapidly going global") - pretty much puts things into perspective:
"If China wasn't there, I don't know where we would be ... what's the alternative?" OZ Minerals chief executive Andrew Michelmore, whose company is the subject of a $2.6 billion rescue bid by China Minmetals, says.
"We should be looking at this and thank God we've got China there with cash. They are dependent upon our economy to provide them with the basic materials to build their infrastructure."
OZL Price at posting:
$6.50 Sentiment: Hold Disclosure: Held