Andrew Forrest believes China will keep going strong. Picture: Daniel Wilkins Source: PerthNow
BILLIONAIRE Andrew Forrest says commentators keen to "write off" China have got it wrong.
In the first of an exclusive three-part series in the lead up to the 10-year anniversary of Fortescue Metals Group, Mr Forrest told PerthNow suggestions the Chinese resources boom was over were premature.
``We've had China written off so many times in the 10 years of Fortescue's history and in the 20 years I've been fascinated by China,'' the FMG chairman said.
``The Chinese don't write themselves off - Western commentators do that.
"I have listened very carefully to what the Chinese leadership have said.
``They have a number of things going for them; several hundred million people they've still got to take out of poverty, huge foreign reserves and a rapidly educated people who are all ambitious. That gives them a serious weapon.''
Mr Forrest said the aspirations of the Chinese people reminded him of Australians.
``There is no ingrained social dysfunctionality or traditional set poverty like you have in other countries,'' he said. ``In many ways it's got an Australian, `Get up and have a crack mate' style culture.''
In tomorrow's The Sunday Times, Mr Forrest speaks at length about the future of WA and its economy.
The third part of the series will be published on PerthNow on Monday.
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