Also in the same vein, Chinese RE process costs have also risen with the cost of labour & inputs plus the move to greater enviro responsibility. The standards being drawn up ATM will move further in that direction, already been indicated.
LAMP is already competitive with most Chinese, particularly with a quality perspective, but as they ramp to take advantage of scale, 3/4x Sino plants, the economies will improve further and continue as recoveries are lifted.
AL very careful not to make predictions around CoP, but at worst they will be very competitive, provided the yuan doesn't tank.
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Also in the same vein, Chinese RE process costs have also risen...
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