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How China Can Fix Its Housing Crisis

By John Richardson

THE above chart shows the affordability of real estate in China’s Tier 1 cities (its biggest cities) as of June 2013 compared with many of the world’s other “rich cities”.

Why the speech marks around “rich cities”? …

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China’s Real Estate Crisis Was Entirely Predictable

By John Richardson

AN investment bubble can only remain stable if you pump ever-more air into the bubble. If you don’t continue to do this, then the bubble is in severe danger of bursting.

The warning signs started flashing red …

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Be Very Careful Of the $60-70 Oil “New Normal”

By John Richardson

THERE is an argument being made that the recent stability in oil prices will continue as crude enters a “New Normal” of $60-70 a barrel.

This type of thinking seems to have had an effect on petrochemicals …

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China’s Currency Appreciates By 26% In Four Years

By John Richardson

THE above chart further illustrates the dilemma confronting China, which, despite the often-discussed and wrongly interpreted growth in its domestic consumption, still depends on exports for about a quarter of its GDP.

Based on Bank of International …

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India’s Budget: Going Beyond The 2% Who Own Shares

By John Richardson

ANYBODY who invests in the Indian stock market might well regard today as a buying opportunity ahead of tomorrow’s announcement of India’s latest budget.

Or, of course, it might be an opportunity to go short if you …

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“Bad Deflation” Set To Dominate Global Economy

By John Richardson

THERE has been a great deal of discussion lately about the differences between “good” and “bad deflation”.

Good deflation, we are told, includes the fall in oil prices that has put more money in the pockets of …

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Following In The Footsteps Of China Is Impossible

By John Richardson

THE chart above shows how China’s consumption of polypropylene (PP) rose from 4.6 million tonnes in 2000 to 19 million tonnes in 2014.

It also illustrates how, in the process, China’s percentage share of global PP consumption …

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China Peak Steel And Chemicals Demand May Have Arrived

By John Richardson

EVERYONE involved in the iron ore business must be very worried about the recent speech by the new chairman of the China Iron & Steel Association.

“Under the ‘new normal’ China’s iron and steel consumption has already …

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China Jobs Squeeze: Why It Is Happening And What It Means

Jobs, jobs and jobs are the three main priorities for politicians everywhere. In the first of my series of country and region-specific posts on this subject, I look at what this means for China.

 

By John Richardson

SOME of …

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Where Have All The Jobs Gone?

By John Richardson

POLITICIANS everywhere know that their chances of staying in office depend on how many jobs they can at the very least prevent from disappearing down the economic plughole.

Ideally, they also want to be able to lay …

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