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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off
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To: Bo Le who wrote (249)1/4/2000 4:46:00 PM
From: allen menglin chen   of 257
 
Yes, agree w/ your pt. CHL is for long term. For a quick play, pick a Chinese stock w/ most volatility, like XING, CPIH :)

The problem w/ China is that 8-9% (official Chinese government number, can you trust the data?) can only barely match the labor market growth rate. Too many workers are out of job. I must admit that the worst is over, but the future is NOT so bright near term.

The chart looks good for about 30% gain b4 Chinese New Year.
(also the risk is higher as well).
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