Media Update, page-2259

https://www.bloomberg.com/news/articles/2020-10-13/xi-urges-higher-quality-growth-in-swing-through-china-s-south

Xi’s speech visit also comes at a demanding time for China. The ongoing trade war with the U.S. and pandemic-driven economic downturn have increased the urgency of Beijing’s efforts to boost local consumption and close the technology gap in strategic industries. In recent months, Xi has urged a shift to a “dual-circulation” economy fueled by domestic growth and supplemented by foreign technology and investment.

My comments: I believe FLC is part of this "dual-circulation" economy. I also believe that the management is aware of the dangers of working in China. They have to ride the tiger yet at the same time protect their IP, and manage their accounts receivables. No one said that it was going to be easy. No one can vouch for no shenanigans for the indefinite future. We can only go by the milestones they have achieved: 6 pilot plants in 2016, to over 200 Aspiral plants now. At this price, and at this MC, however bleak an outlook we want to paint it, it's already priced in. All IMO.