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China’s Risky New Lending Surge

By John Richardson

BANK lending is once again surging in China as politicians try to shore up their support ahead of the leadership transition.

“The central government has approved up to 7 trillion yuan ($1.2bn) for infrastructure investments since May …

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World Heading For L-Shaped Recovery

Mr Bernanke, please take note

By John Richardson

The recovery is always six months away and so while most people have written-off the first half of next year, the hope is that by H2 everything will be back to normal.…

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Dow and DuPont Make Major Job Cuts

Dupont’s Ellen Kullman

 

By John Richardson

Dow Chemical’s decision to cut 2,400 jobs, as it posted a 32% drop in earnings per share, was the result of what CEO Andrew Liveris said was difficult conditions that “may have extended …

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US Set To Adopt A Golden Rule

By John Richardson

ONE of the golden rules of petrochemicals is “always run hard if you have the feedstock advantage”. As a result, the US is said to have been a little frustrated by a series of operating problems that have constrained their average …

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Goldman Sachs Changes Its View On Oil

By John Richardson

OUR blogs are awarding themselves a pat on the back today. The reason is that investment bank Goldman Sachs, the largest player in commodity markets, has completely reversed its analysis of oil markets. They now accept our …

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China Reformer Sidelined

By John Richardson

AN assumption is that economic reformers will win control of China’s Politburo after the once-in-a-decade leadership transition is out of the way (China’s new set of leaders are set to be announced during the 18th Party Congress, …

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Risks To Japan From China Dispute

 By John Richardson

THE Japanese economy is at great risk from the East China Sea  dispute which, if  unresolved, could result in a long and bitter trade war with China, said several chemicals industry sources.

Japanese electronics and auto companies could even …

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China PE Imports Rise On Recovery Theory

By John Richardson

A SURGE in polyethylene (PE) shipments to China has exerted further stress on a market that continues to perform exceptionally badly.

Total PE imports in August (the latest figures availabe) rose to 817,277 tonnes from 681,100 tonnes in …

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China GDP Growth 4-5% in 2013-2020

Canton Trade Fair. Source of picture: http://www.vatti-china.com/News/83.htm

 

By John Richardson

IT would be nice to believe that the improved mood at this week’s Canton Trade Fair represents a long-term turnaround in China’s economic direction.

This reflects a 9.9% increase …

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China-Japan Dispute Worsens

By John Richardson

THE collapse in Japanese auto sales in China, a result of the East China Island dispute, is just the first phase in what could be a very damaging economic war, the blog understands.

Phase two could be …

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