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China’s Polyethylene Data: Credible Answers Required

By John Richardson

THE extraordinary data on China’s polyethylene (PE)  market will not go away. We need credible answers.

To begin with:…

Imports were up by 20% in H1 2014 compared with the same period last year, according to Global

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China Polyester: Failure To Ask The Right Questions

By John Richardson

HERE is a historical account of what has gone wrong with China’s polyester industry:…

Apparel and non-apparel manufacturers were first encouraged to back-integrate to polyester fibres production and then to purified terephthalic (PTA) as the central government

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European Energy Sovereign Wealth Fund Needed

By John Richardson

THE blog met with an old friend on its recent trip to the UK, a scientist, who moaned about her local MP’s  ignorance about why energy self-sufficiency was vital for any economy.

“He is opposed to shale …

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Indonesia’s Jokowi: Poverty Alleviation The Key

By John Richardson

INDONESIA’S new president seems like a breath of fresh air because he is outside the establishment and has portrayed himself as a man of the people.

But one of Joko Widodo’s problems is that the establishment isn’t …

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China’s “Whack-A-Mole” To Accelerate

By John Richardson

Mono-ethylene glycol (MEG) is the latest petrochemicals product to be caught up in real estate-linked collateral trading, an industry observer recently told the blog.

“To some extent, MEG has been bought not for real demand, but instead …

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China Going To Plan: Credit Up Just 4%

By John Richardson

TOTAL social financing (TSF) in China increased by just 4% in H1 of this year over the same period in 2013, according to official government figures (TSF is the measure of total new credit issued in China, …

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China Still A Long Way From Solving Its Demographic Crisis

SO much for a new demographic dividend, as we warned last November when China announced that it had relaxed its one-child policy.

If you recall, Beijing decided that couples would be allowed to have two children if just one of …

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China Peak Manufacturing Season Disappoints

By John Richardson

THE chemicals industry, because it supplies so many downstream manufacturing industries, is an excellent early indicator when something is going right or wrong with an economy.

Take note, therefore, of the July Volume Proxy, which was published …

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China’s Q2 GDP Number Is Irrelevant

By John Richardson

CHINA is due to release its second-quarter GDP growth number today (Wednesday) and so the analytical frenzy is already well under way.

For example,  AFP writes in this article: “Chinese growth failed to accelerate in the second …

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India’s Budget: The Toilet Test

By John Richardson

IT was fantastic news to hear that Narendra Modi, in his first budget as Prime Minister, has repeated his pledge of ensuring that every Indian has access to a toilet by 2019.

But will he follow through …

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