Worst. Surprise. Ever.
This is the game, isn't it? They get into a war of attrition with manufacturers that they believe can't survive it?
Hikvision released a special announcement in Chinese, disclosing weakened profits for 2015 amid fierce competition.
In this note, we examine what happened with Hikvision, the underlying economic conditions and what this means for the Chinese government owned giant.
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********* ***** *** *******.
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*****'* ******** ******** ** * ***** issue. **** *** ******* **********'* ** agency, ******, ************ ***** [**** ** longer *********]:
"******* ********** ******* ******, ********* ********** profits, ****** ****** ******* *** ****** financial *****...******* ****** ** *********** ** *** shape"
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"** ****** ***** **** ** ** miraculous *-***** ******** ********, *** ***** painstaking ********** *******, *** ***** *** expect * **** *********** *** ******* Chinese *******."
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****** ***** ***** ******* ******** (********, *********** **********, ********* ****** ****, ***.), ***** *** ********* ***** have ******* ******** / ********* ** *** (e.g., *********'* $*.* *******).
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********* *** **** ********* *** ********* *** the ******* ******* ******* *** *** challenges ** ******** * *********** ******** business ***** ** *** **** *** them. 2016 ** ******* ** ** ** an *********** **** *** **** *** the ********.
Worst. Surprise. Ever.
This is the game, isn't it? They get into a war of attrition with manufacturers that they believe can't survive it?
That they did a special announcement would seem to indicate that it came as a surprise even to them, unless they are just that good that that too is part of the plan :)
I understand what you mean, but seriously, part of their attraction to this plan is that they have so much money that it will work despite the fact that they can't forecast exactly how it will unfold.
John this is more a political posture than anything else. Think more longterm