Tag Archives | China credit

China’s Pollution/Economic Campaign To Reshape Petchems

By John Richardson

I BELIEVE that China’s environmental crackdown will continue to disrupt petrochemicals and polymers markets for the next few years.

This is not a temporary phenomenon that will largely go away with the end of the September 2017-March …

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China Lending Bubble Adds 4.7m Tonnes To Polyethylene Consumption

By John Richardson

THE IMF produced a very interesting study earlier this month, in which it estimated that if it had not been for China’s giant economic stimulus programme the country’s real GDP growth would have averaged only 5.3% per …

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China-led Global Downturn Could Again Happen In September

By John Richardson

WHEN the Americans and the Europeans come back from their summer holidays in September it seems quite possible that they will see history repeat itself.

It was of course from September 2014 onwards that commodities prices started …

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China PP Market Underlines Return To Global Deflation

By John Richardson

CHINA’S polypropylene (PP) net trade, which is imports minus exports, fell by 31% on a month-on-month basis in April to around 316,000 tonnes. That was to be expected given the 42% surge in net trade in Q1 …

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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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