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yes the government has given support
But the is a company that may not need it
If investing in China
Invest i sales in the country
China has changed from exports to a service economy
Told every one years ago
So it should not be a surprise
China just does not have the large cheap labor it once had and a aging population with one child policy
Of coarse China its government and companies have a lot of debt
And yes they investing in a lot of wrong things or just too much of things
The real question is when to start buying. I agree that now is not the time since china stock market will keep dropping once the govt pulls support. I think $44-$52 would be a good long-term entry point for PTR.