I think the immediate Chinese interest in FMG is due to the fact that they are already producing.
In the current environment the Chinese are interested in securing supply through obtaining a stake in producing companies at cheap prices.
Not doubting that required capital and political stability are a risk to SDL, but i don't think it is the major reason that the Chinese are currently targeting FMG etc and not SDL.
SL
SDL Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held