China playing dirty

And it seems that global investors do not like this news and are selling off the AUD, which will make Australian ore cheaper to export.

yes understand, I explained to him that most people spend time and read into the news updates because they care about & want you to succeed.

I know many foreigners who travel to china because they are interested and cares.

no comments on gov, no one likes gov if from a perfect measurement.
I don't like fed print money also, which caused my cash to devalue as well.

problem is if we were given a chance to change it, how to do differently? I don't know...
polit is like econ, there has already been over-competition so I doubt adding more people or thinking could help significantly...

so efforts put in there doesn't yield as much return, just let it be lo.

for the majority of people who pays tax or even do not make enough to pay a tax.
gov is doing their job, yes I did not benefit much from them but I don't complain for that.

ps: greedy is bad hahaha

ha,this is realy a shocked news in China.
when things are concerned about mines,spys,goverments,cross-seas,it is always been treated seriously in China.
mine industry is a special industry in china.
what you watch,hear or see ,is always not what the things realy are.
so ,we can do nothing but wait and see.

you probably know less than you should know...

begining of Y2009 #1 iron factory bao steel stocks is trading at 4 c-yuan a share
with 5.6 c-yuan fixed asset and 2.11 c-yuan fund and 1.6 c-yuan undistributed profits. why?
because they claim a huge loss of unused ore purchased last year that is more expensive than iron.

if ore price fix at last year, then all iron factory will bankrupt before end of this year.

(so the officials in iron factory fears of stock drop and try to raise fake demand and push ore price high so that they don't account for a loss of Y2008 purchase)

if iron factory bankrupts, then what happens is ore miners will purchase the iron factories at bankrupcy price.

it happened for soybean in Y2005, if you check all commondity price now, only thing that did not crash except for gold is soybean, (1100$ with cost 200$)

because foreign monopoly raised price in Y2004 and get all c-factories signed long-term supply contract with 1000$ high price sb purchasing contracts,
and then commodity market drop price to 500$ bankrupt them,

then monopoly purchased those bean oil factory at bankrupt price...
then raise whatever price and you've got to accept it... because all eating oil factory is under control of monopoly.

another data,
rio july'2007-june'2008 profit is 15 billion
and Y2008 ore price is raised 85% compared with Y2007. just calc how much profit they want to get.

what is all iron factory profit then?
in Y2008 all iron factory achieve pre-tax profit of 12 billion.
after paying tax 16.7 billion, report operating loss.

in addition to all above, rio charge a 9 billion$ fee to iron factories because iron factories under-loaded in 2nd half of Y2008 and did not buy as much ore as the long-term supply contract required. (at 90% raised unit price than Y2007)

if you make wheat are you expecting wheat to be more expensive than bread... and even make the bread making workers have nothing to eat?

if you know all these probably you can make a lot of money from commodity (just look at the crazy oil curve, do you know what it is for?)
instead of crying at the news saying fairness, if people think that this is a win/lose market there is no real fairness...
in this world if you have money you can buy anything including public opinion, gov support, and insider info that you can manipulate and profit from market.

think about why everyone is crying he has no money to spend except a 1~2$ meal a day, all money goes to realestate then eventually to whom?

I believe using spy term means actually wants to set the suspected chinese citizen free offline and send him off because he holds a foreigh passport.
Really did not want to play it big... is it normal biz practice to use gov-gov talk to set a economic criminal free? back 150yrs you may expect that.
at that time whether a criminal is a criminal is subject to the judgment of the f-rep....
and at that time how much tax to collect is also decided by a foreign rep.

if you don't believe in yourself and strive for it, no one else is going to give it to you in this world.