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Trade Rhetoric Worsens As China Becomes Net PTA Exporter

By John Richardson

TIME Magazine made the “Chinese Worker” runner-up in its 2009 Person of the Year contest (by the way the winner was Ben Bernanke, the then chairman of the US Federal Reserve).

It was the hard graft of …

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Machiavelli’s “New Order Of Things”: Risks and Rewards

By John Richardson

IF you get it, you understand what is really happening out there, there is no guarantee that you will be successful as Machiavelli (see below right) – the great Italian Renaissance historian, politician, philosopher and writer etc. …

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China’s Yuan: Making Sense Of All The Noise

By John Richardson

LAST year nearly $1trn was moved out of China as rich people lost confidence in the direction of the economy. Much of this was moved if not illegally, then through stretching the rules to the very edge …

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China Chemicals Exports Surge As Everything Changes

By John Richardson

IN the good old days everybody could very easily export just about all their surplus chemicals and polymers volumes to China for two very obvious reasons. Firstly, even real GDP growth, never mind the fabricated government numbers, …

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Asia’s Ageing Populations: Challenges And Opportunities

By John Richardson

EVERYONE should know by now that China faces a demographic crisis that, unless addressed, guarantees much lower GDP growth for many years to come. This explains the urgency of economic reforms designed to escape the “middle income …

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China: Why Complacency Followed By Panic Hasn’t Helped….

…..AND WHY YOU NOW NEED MULTIPLE SCENARIOS

 

By John Richardson

FOR many, many years a small group of men who run China were viewed as uniquely competent because of the “economic miracle” that they had achieved. China’s approach to …

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Global Chemicals Trade And Swimming Naked

By John Richardson

WHAT if your understanding of how the chemicals industry works is no longer valid?

This was a theme I covered on Monday when I talked about how the future winners will be those who first of all …

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China Consolidation? Forget It in Purified Terephthalic Acid

By John Richardson

TOO many people still assume that the above kind of chart always leads to capacity closures in any industry that is as oversupplied as purified terephthalic acid (PTA) is in China right now. In 2015, we estimate …

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China’s New “For Profit” Chemicals Industry? Think Again….

By John Richardson

IF you think that running a chemicals company in China can be compared to running one in the West then please take a look at the above chart.

This is an updated version of a chart Paul …

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China’s Long, Hard Struggle To Reform Local Govt Financing

By John Richardson

A story that moves financial markets doesn’t have to be true. All that matters is that the narrative convinces enough people for a sufficient period of time to move markets either up or down, thus allowing speculators …

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