China Growth Stocks

[derek2000]

LLEN/PUDA/CHGY

Finally I figure out the reason why LLEN and PUDA are up nieely today. Even CHGY turns green in spite of heavy tax selling lately.

Basically the flood halts Australia's coal output, resulting a reduction of output in large scale. China, as the largest consumer and importer of coals, will certainly be impacted by the news big time.

Here is the news:

http://www.smh.com.au/business/floods-bring-queensland-coal-sector-to-a-halt-20101230-19b42.html

"Floods bring Queensland coal sector to a halt
Eli Greenblat
December 31, 2010
AUSTRALIA'S $50 billion coal industry may miss large export contracts as a result of flooding in central Queensland.

Wesfarmers yesterday added its name to the list of coal producers that have suspended operations as the floods created the worst conditions in 50 years."

http://online.wsj.com/article/SB10001424052970204304204576050943912616066.html

"SYDNEY—Torrential rains across Australia's Queensland state are inundating mines responsible for nearly a quarter of the country's coal production and threatening to strand tens of thousands of people...."

Other:

http://af.reuters.com/article/energyOilNews/idAFL3E6NU02420101230