Tag Archives | China economy

Collapse Of China “Carry Trade” Threatens A Yuan Devaluation

By John Richardson

CONVENTIONAL wisdom, as everyone should have discovered over the last 16 months, has a horrible habit of  being completely wrong.

Today, therefore, if anybody tells you this, “China might widen the band within which the Yuan trades …

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China January Data Concludes The Debate

By John Richardson

THE latest data from China further underlines what I have been arguing since early last year – that it is at the centre of a Great Unwinding that will have deep and lasting global economic consequences.

Here …

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Australia: This Is No Way To Run A Country

By John Richardson

TONY Abbott has survived an attempt to remove him as Australia’s Prime Minister.

Do you really think this will bring to an end the political instability that has resulted in four changes in PM since 2007? This …

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A Perfect World? If Only It Were So

By John Richardson

IN A perfect world everything always turns out for the best in the end.

And so quite a few people who argued that high oil prices were good for the global economy, as they said that expensive …

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China’s Damage Limitation: The Reserve Requirement Cut

By John Richardson

DAMAGE limitation is the motive behind China’s decision cut its reserve requirement  ratio (RRR) by 0.5% to 19.5%.

(The RRR is the amount of money that banks have to set aside against this lending, and so the …

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Take Stock And Plan For the Post-New Year China

By John Richardson

NOBODY involved in the Asian chemicals industry is likely to have been surprised by Saturday’s announcement that January’s official purchasing managers’ index (PMI) slipped into negative territory for the first time in more than two years.

The …

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New Silk Road Part 2: How China Will Win

Here is the second part of my thinking on what China’s New Silk Road means for the global chemicals industry. Part One appeared last Thursday.

 

By John Richardson

PER capital GDP in Yunnan province in China’s southwest was just …

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India’s Republic Day: Just Think What Can Be Achieved

By John Richardson

TODAY is Republic Day in India and so I hope that what comes next will not be seen as overly negative.

But I think it is essential, as the New Normal develops, that we have an open …

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Oil Prices: Did You Heed All The Warnings?

By John Richardson

THE $30 a barrel price of crude at or below which some Asian naphtha cracker operators could be forced to exit the business is an increasing possibility.

Here is why:…

This January’s stockpile of crude in the

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How China’s New Silk Road Is Reshaping Global Chemicals

By John Richardson

THE red line on the map below, from the Washington Post, shows the world’s longest-ever freight-train journey, which began on 18 November in Yiwu, the largest wholesale centre for small consumer goods in China.

It ended 21 …

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