That's reassuring.
FLC entered China at the right time. China has 3 things going for it:
(1) Embrace of technology - mindset of leapfrogging by adopting new over old;
(2) Clean up of the YREB (Yangtze River Economic Basin. Stretches across 9 provinces);
(3) Narrowing of the rural-urban divide. Improving rural infrastructure is one key way of resolving the divide. These are multi decade initiatives.
Ann: Fluence Strategic Repositioning, Change in CEO, page-64
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