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To: H James Morris who wrote (131155)9/11/2001 7:32:49 AM
From: Paul Merriwether  Read Replies (1) | Respond to of 164684
 
>But the more China Mobile expands, the thinner its profit margin becomes.

You seem to be bashing chl and chu because of your political beliefs. Not wise!

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Growth at any cost is not a Chinese invention. It was invented on Wall Street.
Btw
Do you know what the growth bulls tell me?
It took Thomas Edison and his AT&T 15 years before he made a profit.
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But keep in mind that with chl and chu, its growth while maintaining profitability(unlike the AMZN model of increasing growth of revenue, by (what amounted to) selling dollar bills for $.90).
In this case, their growth strategy is based on grabbing as much market share as possible before the WTO (eventually) allows in competitors like Vodaphone, NTT, DT etc. Given the dire straits of the (nonchinese) telecom industry, chl and chu probably have some breathing room even after deregulation.