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Not advocating anything. Just saying each system has its pros and cons, and right now China's system is probably most appropriate for the place at the moment. From a personal perspective, Asian systems suit me more as they tend to favour the capitalists. This place is great for many...

50s gives you one more decade, not sure where the 4th decade came from. From what I understand of my family history, they were still inviting many businessmen back in the 50s to restart their businesses. At least in the south which was run by Ye, who protected many people in the south from the...

Haha the Chinese do not come from a "communist" background, unless you're referring to a temporary socialist state of affairs back in the 60s and 70s.

I stand corrected. Japan is the largest coal importer, but China is closing in the gap. See graph below. More importantly though, Japan and India will be as affected if China slows down. It isn't just a Chinese decrease in consumption - it's also a Japanese and Indian decrease. One on the...

Hilarious for all the wrong reasons. The only reason Chinese upper classes prepare little nests in western countries is because many have been involved in some form of corruption to get to where they are and are at risk of being imprisoned. If you ran a major organisation in China and you...

Only on thermal coal I think. Though forecasts have them to overtake Japan and reach ~160mt of thermal coal imports by 2015 on Wood Mac's numbers. Will stick some graph up tomorrow - in fact was just reviewing somebody's presentation with a slide on this very point. Re LNG, it will be...

Two points on that front I guess On resources, the vast majority of our hard commodities exports, such as iron ore, definitely go to China. China continues to be the largest thermal and coking coal importer from Australia ahead of Japan and Korea too. Australia does not export that much natural...

True. And it'll be lots of lice

That's all we'll be eating in a recession.

Aaron - if US$ 'falls' it's falling against something. So somethings going up. Otherwise it's not falling Joe - prices are set at the margin thats the issue.

That's true. There's still a play ultimately.

Not sure - someone suggested Rupiah today.

Haha it's not an issue of who's being fed.

Lol... A lot more than 30% of our iron ore goes to China. Try 50-60%. Feel free to check credible sources like ABARE, Woodmac, Brookhunt etc rather than Google or The Age. Re numbers, at the end of the day we can cut numbers whatever way we want to make an argument. There's many other factors...

If China falls, the US and Europe will fall deeper. Not sure who's spending on tourism/education/retail after that. Time will tell. You'll get your China bubble temporarily popping/retracing possibly in the next few years soon. It's probably already starting to play out based on some of my...

If China falters, Australia falls. Simple.