china growth is price sensitive, page-2

Now there's a sweeping generalisation. I'm currently sitting in a hotel room in Dong Guan (2 hours from HK) looking out to brand new buildings, having just come from the factory on a brand new freeway, and all I saw where new apartments, buildings and factories going up!

The fact is that exports from China are only 25% of their GDP. The Chinese gov't is letting the RMB revalue to slow exports because there is so much domestic demand. It's this demand that causes China to suck in so many raw materials.

China could cut their exports in half quite happily; and hey, they only have US$ 1 tillion in FX reserves. They just don't know what to do with it all....maybe just buy Australia!! Ha Ha.

ALL is a dog of a share - and dropping daily - I don't know why I ever decided to invest in a company that makes money from gambling. I am a fool and paying the price. The joke's on me!