Tag Archives | China credit

China Takes Two Steps Back: The New Lending Surge

By John Richardson

JUST as it appeared as if the visionary reformers within the Chinese government had won their battle to deflate the most economically and environmentally toxic investment bubble in global economic history, China has taken a step backwards.…

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China Reforms Stay On Track With 8% Credit Fall

By John Richardson

THE above chart shows the moving average growth of total social financing (TSF) in China since 2009 in US dollars. You can see the surge  in the growth of TSF from 2009 until 2013 and its subsequent …

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China Jan-Feb Polyethylene Imports Fall 22%

By John Richardson

CHINA’S polyethylene (PE) imports declined again in February, and are down by an average of 22% over both January and February of this year compared with the same period in 2014.

SOME people will tell you that …

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China: Your Four-Point Guide To The Interest Rate Cut

By John Richardson

LATE last year China’s government launched one final round of old-style economic stimulus so they could build-up political support ahead of the boldest set of reforms to the economy in at least 20 years.

This was clearly, …

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Want To Keep Your Job? What To Tell Your Boss

By John Richardson

THE economic data on China was very useful yesterday if you had already gone long on oil or US equities.

Both crude and the S&P 500 rallied on positive interpretations of Q3 GDP and industrial production data, …

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China Polyethylene: Fitting 11% Into 6%

By John Richardson

ELEVEN per cent apparent demand growth in polyethylene (PE) in China will not go into estimates of real demand growth at no more than 6%.

This is our concern based on the latest set of data on …

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As China Stays The Course, Plan For Collateral Damage

By John Richardson

LAST week’s $5-15/tonne decline in polyethylene (PE) pricing in China (see the above chart) is partly the result of negative sentiment created by the start-up of new domestic capacities.

In July, Shaanxi Yanchang China Coal Yulin Energy …

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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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The Three Essentials Of China Credit

By John Richardson

There are three things you need to bear in mind about credit creation in China, which according to the government’s own data, are as follows:…

In 2007, $1 of additional credit added 83 cents to GDP.
By

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China Adjusts To “Zero Inflation” In Textiles

By John Richardson

CHINA’S polyester chain business is undergoing a painful adjustment period, as the slide above indicates, as a result of:…

Expectations that cotton prices will drop to a five-year low in 2014-2015. This is largely the result of

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