It (sales in China) is growing extremely rapidly. It is our largest customer now by country. That market will continue to be our strongest market, and with iron prices and coking coal prices beginning to reflect the increase that was negotiated earlier, you can expect to see that China would continue to grow as a percentage (of sales).
More Quotes from Chip Goodyear:
Like any economy there are business cycles and these will occur in China like they do anywhere else. The key for us is going to be our position in large, low cost assets...that we can manage through those times. The fact is that growth continues in China ,Chip Goodyear
We see it (the dividend hike) as an indication of our strong outlook for the business in the years ahead, and an indication that we see a strong performance in earnings and cash flow not just in this period.
Chip Goodyear
For the next several decades we see a significant number of people that are looking for a better way of life and that ultimately is going to drive the resource business...(but) there will be ups and downs.
Chip Goodyear
We continue to feel quite good about China.
Chip Goodyear
Underlying demand is very strong. We continue to be optimistic about China. As you look around the world, growth continues to look good.
Chip Goodyear
We stick with our projections...that 2005 will be an above trend growth year in terms of global demand but it will be a little bit below 2004 - the best year for the last three decades for global growth.
Chip Goodyear
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