@peterpanned while the first part of your comment is clearly...

@peterpanned while the first part of your comment is clearly true (sales penetration into China clearly much slower than originally predicted), second part (that local companies are using other solutions) is to me neither clearly true nor clearly false...
Do you or any of our research guns on the forum have any info on rate of new water treatment installations as a whole in the last few years (ie in response to the 5 year plan)? that is to say, is sales growth slow because others are winning our target market? or because the whole push to widespread water treatment is just slower to gain momentum than was suggested/anticipated by management ?