China Story

Can we still buy China story? Great trading partner or a ruthless one? We know how much cash the chinese hold, but do we know their ethics of doing business? Living in Malaysia and dealing a fair bit with chinese businessmen, I found most of them are very tough and a lot of times annoyingly crafty. 

Recent incident with Mount Gibson Iron, was a very interesting bad experience.  First, the Chinese customers reneging the sale contracts with MGX,  forced MGX into a tight situation, and then having another chinese group 'rescuing' Mount Gibson by offering a very low price that MGX could not refuse.  If this happen to MGX, do you think the chinese will let other junior iron producers away? I have the feeling that chinese central authorities support this kind of practice.

Seems like Chinese contracts are not worth the paper they are written on.