By John Richardson YOU have to again conclude from the above chart that the China so many thought they understood remains very, very different. The chart shows electricity consumption. Along with credit creation and rail-freight movements these are the three measures of real GDP growth that have been identified by China’s Prime Minister, Li Keqiang. […]
Asian Chemical Connections
Take Away The China “Froth” And What’s Left?
By John Richardson THE denial that we discussed last week is still very much in evidence. For example, we heard the argument over the last few days that China’s economic slowdown would involve only “a couple of bad quarters” and then China, and Asia-Pacific markets in general, would be back to normal. The following two […]
China’s Unreliable GDP Data
By John Richardson THE economic slowdown throughout Asia became more apparent last week with the release of disappointing data, prompting interest rate cuts in China, Vietnam and South Korea. China’s key polyethylene (PE) market responded as trading volumes fell and sentiment weakened for the week ending 13 July, according to ICIS. Market participants, however, expressed […]
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