China’s transformation demands iron patience

The plummeting iron ore price will continue to put pressure on the likes of BHP and Rio Tinto for the next few years. But there is light at the end of the tunnel.

The fall in the iron ore price below $100 should alert all Australians that the China game has changed. Fundamental transformation is taking place in China, which means that for two or three years at least, the good times for Australia are over.

We are fortunate that, taking away the political bluster, both sides of politics understand this -- which is why Chris Bowen’s KGB interview was so important to the nation (Australia can't swallow any more lies, May 16).



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