Replies to post #3470 on China Growth Stocks

[Brennus]

CCGY plant is 100% funded.

Just to reiterate, on the 2q09 CCGY conference call, during the question and answer, the 2nd question asked was about funding for the new plant. Is construction fully funded: Yes, 100%. Are working capital requirements fully funded: Yes, 100%.

If you read the prospectus CCGY filed on 10jun09, you'll see every little minute detail of how the project has been financed.

So the idea that further financing is required to construct CCGY's new plant is absolutely not supported by any fact or statement by CCGY management. In fact, all evidence points to the truth: the new plant is fully funded. No further financing is required for either construction or working capital.

Regarding China GDP trend:

1q09 GDP was 6.1%

http://www.chinadaily.com.cn/china/2009-04/16/content_7683625.htm

2q09 GDP was 7.9%

http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/07/chinas_gdp_grow.html

3q09 GDP is projected at 8.5% to 9.5%

http://www.cnbc.com/id/32501464

http://news.alibaba.com/article/detail/business-in-china/100139723-1-morgan-stanley-raises-2009-china.html

And that is an UP trending metric! ;-)