The problem with China is lack of transparency – dealing with a command economy and a communist government, who don't need to take consumers into account at the same level that our government does. Who knows what the process for SAMR approval is, and how much it is dictated by politics rather than policy? Who knows whether SAMR could be rejected due to payback for Aust government blocking Huawei from building the 5G network? Or because China economy is slowing so they want to push China-made? Or because some government official owns shares in an infant formula competitor. I don't suggest any of these things are the case, just that SAMR is not in the bag and no one can really know.
BAL Price at posting:
$7.32 Sentiment: Hold Disclosure: Held
