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By John Richardson
DESPITE the 26% increase in China’s polyethylene (PE) imports in Q1 of this year over the same period in 2013, “real demand” continues to weaken – i.e. the resin bought by end-users to actually make things.
CHINA’s leaders have so far refused to back down from their efforts to deal with excessive lending growth, despite a growing credit crisis.
Yesterday, the central bank rebuffed pleas to inject more cash into the financial system, …