Opportunity in economic turmoil
Adam says the exposure to China’s troubled Evergrande adventure and the Aussie index is more than just a passing interest - remember China’s massive property construction sector hoovers up about one-third of the steel produced in China from iron ore that just about entirely comes out of the Pilbara where Rio Tinto (RIO), Fortescue (FMG) and BHP (BHP) ply their trade… Adam says the connection between a stuttering Chinese property giant market, sliding iron ore prices and the local economy is apparent.