StockGuru Blog: Genesis Technology Group – Hottest Industry in Highest GDP Country: Steel in China
Genesis Industries has just partnered with an important steel products company in China and their first order of business if financial transparency and accounting standards consistent with GAAP standards. Now that’s a marriage made in heaven! The GDP in China is one of the best in the world but the STEEL INDUSTRY is one of the best industries within China! Ninety-nine large- and medium-sized steel plants in China reported a year-on-year 282 percent rise in net profits in the first quarter of this year, according to the China Iron and Steel Association. Luo Bingsheng, deputy chief of the association, said…