Zhejiang Meida: China's Electronic&Household Appliances IndustryFundamental:
The mainland Chinese government had a key meeting this month which included a new 5 year plan. Overall, it is expected that their economy will be the number 1 economy with the largest high-income society in the next decade. It seems that in this regard, China will become the worlds money dumb with low-quality persists, yet a place where money grows; a place where no investor will actually live, yet a place where people come for a medium to long-term "plug-in and pull-out" method to extract money from for retirement and to live a more comfortable and luxury life outside of the mainland of China, and to maintain and perpetuate a quality standard of living in Western countries. However, in the mainland of China, the average citizen will continue to live in squalor and unpleasant conditions when juxtaposed to American middle-class living standards.
However, in this 5 year plan, Beijing plans to eradicate extreme poverty and focus on environmental protection. China is still an export-dependent economy; and, currently, investment and exports drive economic growth. China wants its economy to be a high-quality growth model, where consumption drives economic growth. However, it could also be that consumption drives economic growth without high-quality of life; that is squalor living where people consume a lot of stuff that "Western people" use. It will not be a high-quality society, but a high-consumption society where people, in general, continue to be uneducated and have bad manners. Less than 10% of the population has a college education. And even if they are educated, most people do not realize that all humans are children of Africa and most are unconscious about the concept of cultural-diversity within their own borders, let alone the world. So, another number one country with a general population that cannot embrace and cannot actualize who they are that will perpetuate the status quo.
Speaking of consumption, Zhejiang Meida Industrial Co., Ltd. is set to be a leader the consumption of China in the electronics and household appliances industry. This company produces and sales integrated kitchen appliances, such as stoves and sink items. With a stable balance sheet this company also pays a 2.90% dividend.
Technical:
Breakout with volume
above 20 sma
Macd divergence
MACD cross above signal line
