Tag Archives: Wang Guoqing

Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China

Michael Sainsbury A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits. Andrew Forrest and his company Fortescue Metals Group are staring into the abyss. The corporate undertakers have their tape measures out; they are beginning

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China’s housing bubble is bursting – and Australia should be very worried

Michael Sainsbury Crikey, crikey.com.au, 2 September, 2014 Things are grim in Kunming, capital of China’s vast southern province of Yunnan. Not so very long ago, Kunming was a pleasant provincial university city with relatively fresh mountain air. But over the past decade it has suffered the same fate as hundreds of Chinese cities: it’s been

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