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Tony, I don't have any info concerning earnings either. I agree that
China's development may slow down, in fact, it has slowed down quite
a bit in new constructions. The GDP growth in the past
5 years, however, has been around 11%. It would be around the same level
this year, according to official newspapers. Political turmoil? I don't
see it happen. Lots of people are layed off, true. However, this did not
generate anti-gov mood: 1) people start to accept market system's mechanism; 2) government does help the unemployed.
Put all those things aside, China's petro area faces insufficiency, not surplus. So, the big picture is good.
As we zoom in on BYH, I'll try to research more about it and I'll post my findings here.
Meanwhile, have a happy new year, Tony. |
