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03-11-2018, 07:19 AM
Mason made an interesting comment this week about supply side control by the Chinese government. Its not only about air quality. Topic was steel maker China Oriental 581, but the argument should be valid for other industries as well:
"We also mentioned that Chinese government is likely to keep the supply-side tight in order
to achieve goals of deleveraging, reducing financial system risks and improving air quality. We do not expect the reform policy to be reversed until these goals are achieved."
http://www.masonsec.com/Content/Uploads/...62a55e.pdf
"We also mentioned that Chinese government is likely to keep the supply-side tight in order
to achieve goals of deleveraging, reducing financial system risks and improving air quality. We do not expect the reform policy to be reversed until these goals are achieved."
http://www.masonsec.com/Content/Uploads/...62a55e.pdf