Tag Archives | China economy

What A “Low Growth World” Really Looks Like

By John Richardson

ONLY six new  US crackers would be built over the next five years because of rising construction and labour costs, said Dow Chemical’s CEO, Andrew Liveris, in an earnings conference call last week. This would be out …

Continue Reading

Indonesia’s Jokowi: Poverty Alleviation The Key

By John Richardson

INDONESIA’S new president seems like a breath of fresh air because he is outside the establishment and has portrayed himself as a man of the people.

But one of Joko Widodo’s problems is that the establishment isn’t …

Continue Reading

China Still A Long Way From Solving Its Demographic Crisis

SO much for a new demographic dividend, as we warned last November when China announced that it had relaxed its one-child policy.

If you recall, Beijing decided that couples would be allowed to have two children if just one of …

Continue Reading

Germany Needs To Follow The Example Of Its Footballers

By John Richardson

WHAT a fantastic World Cup and Germany were deserved winners. Their flair, dedication, organisation, attention to detail and team spirit were great to see.

But in Gideon Rachman’s very thoughtful piece in Tuesday’s Financial Times, he highlights …

Continue Reading

China’s Q2 GDP Number Is Irrelevant

By John Richardson

CHINA is due to release its second-quarter GDP growth number today (Wednesday) and so the analytical frenzy is already well under way.

For example,  AFP writes in this article: “Chinese growth failed to accelerate in the second …

Continue Reading

China: How Conventional Wisdom Becomes Conventional Wisdom

By John Richardson

HOW does  conventional wisdom – i.e. the opinion of the majority – become conventional wisdom?

This is a subject that the blog pondered over the last few days as it wandered around Euro Disney. Unfortunately, Mickey, Donald …

Continue Reading

China: Half Of All Loans Collateralised By Land, Real Estate

By John Richardson

BEN Bernanke, who as at that time chairman of the Fed, warned in July 2007 that the cost of the US sub-prime crisis would amount to $100bn.

To be honest, we struggled to find a final estimate …

Continue Reading

China Coal-To-Olefins: Water Not An Issue

By John Richardson

CONVENTIONAL wisdom has it that the water issue stands in the way of the growth of the coal-to-olefins (CTO) industry in China.

The process consumes a lot of water  – between 15-20 tonnes for every tonne of …

Continue Reading

China Commodities Fraud: The Global Implications

By John Richardson

An eerie calm has descended over financial and commodity markets with volatility at a record low.

The calm is eerie because it reminds us of the build-up to September 2008.

Back then, not one single mainstream economist …

Continue Reading

China Polyethylene Demand Up By 25%

By John Richardson

WHEN something appears to be good to be true, it usually is.

Back in 2009, China’s demand for polyethylene (PE) increased by more than 20% – way above the increase in GDP – because of just about …

Continue Reading