The bad news is costs are rising, but the good news is prices are rising. As costs go up the entry price of getting into this business is also rising.
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.
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 ,