China needs the deal in order to copy and catch up on the technology.
This is a short term gain and a long term loss as China will master the technology and sell their own copy cat product at a much lower price.
Formaldehyde, best known for its use in embalming, is a hardening agent in nail products. In 2011, the National Toxicology Program, part of the United States Department of Health and Human Services, labeled it a human carcinogen. By 2016, it will be banned from cosmetics in the European Union.
Tong will be declared China's equal to Warren B with his big buy of sdrl at 12.50 and a double at 25$.
So I can't go wrong following him to the bag of riches.
Women will want me even though I'm uglier than hell.