By John Richardson CHINA continues to cross the river by feeling the stones and anyone in the chemicals industry who says that they have a clear idea of where this is going to end is probably being more than a little disingenuous. There will be a lot of experimentation as China tries to overhaul its […]
Asian Chemical Connections
Consensus On China Shifts Even Further
By John Richardson ECONOMISTS, financial analysts and ratings agencies are increasingly lining up to say what we have believed since last November: China’s new leaders are so serious about economic reform that they are prepared to sacrifice short-term growth for the sake of rebalancing the economy. The barrage of further commentary over the weekend, supporting […]
China Credit Crunch: Petchem Impact
By John Richardson CHINA’S decision to make more funds available to lenders in order to ease the credit crunch does not represent a long-term change in policy direction, we think. “The worst is over. The People’s Bank of China (PBOC) is likely to serve as a [lender of] last resort and intervene to calm […]
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