Stock Guru Profile DRGG Equity Stock Analysis Report on Dragon International
Equity Stock Analysis Report on DRGG
CHINA has announced it will focus on expanding domestic demand in 2007. This focus will indirectly benefit the packaging industry and Dragon International.
China has announced that social consumer goods retails reached 6,891.1 billion yuan (US$880.9 billion) in the first 11 months of 2006, up 13.6 per cent year-on-year. The figures released by the National Bureau of Statistics showed an increase in consumer goods production.
In China’s economy packaging is directly related to the growth in consumer retail goods. With the official focus on the expansion of domestic consumption demand the packaging industry will become a secondary beneficiary of this attention.
Propelled by exports and domestic demands, Asian economies have maintained steady growth this year despite of adverse factors such as high oil prices worldwide. Led by China and India, two of the region’s most outstanding countries, Asian economies expanded quickly this year (2006). The encouraging overall performance will offset restraining factors to the growth including restive oil prices, higher interest rates and bird flu.
South Asia’s economies are due to expand at a rate of 8.2 percent in 2006, according to an estimate of the World Bank. As the region’s economic leader, India will achieve a growth of 8.7 percent this year as both service and manufacturing sectors boomed, according to the World Bank.
Dragon International continues to find itself in the midst of a thriving economy.
Source: Xinhua News Agency
Contact:
DRGG – Dragon International Group Corp.
Bldg 14, Suite A09
29 Dongdu Road
International Trading Center
Ningbo, 315000 China
Website: http://www.drgg.net
Phone: 86-574-56169308
Fax: 86-0574-56169378
SOURCE: Dragon International Group Corp.
About Dragon International Group Corp. Dragon International Group Corp. (OTCBB: DRGG) is one of China’s leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world’s largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
SafeHarborand Forward Looking Statement: Certain statements set forth in this article constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements, including the Company’s ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company’s business and financial results is included in the Company’s filings, available via the United States Securities and Exchange Commission at http://www.sec.gov/.
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