Tag Archives | China economy

Asia Chemicals Will Need To Cut Operating Rates

By John Richardson

THE above chart, from Paul Satchell’s latest Volume Proxy*, indicates that the downturn in Asian chemicals markets has become more entrenched.

“The continued decline in the Asia line lends further support to our earlier assertion that the …

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China: “The Dog Ate My Homework” Won’t Do

By John Richardson

TWO Chinese plastic processing companies are in financial difficulties because they have used raw-material purchases for speculation, a polyolefins industry source told the blog.

“The companies are in trouble because they resold their inventories in order to …

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China And Starting From Entirely The Wrong Position

By John Richardson

THE majority of  people analysing data on China’s economy are still getting it wrong.

They think that the worst the numbers get, the more likely it is that the government will panic. Predictions are widespread, therefore, of  …

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China’s Polyethylene Data: Credible Answers Required

By John Richardson

THE extraordinary data on China’s polyethylene (PE)  market will not go away. We need credible answers.

To begin with:…

Imports were up by 20% in H1 2014 compared with the same period last year, according to Global

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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