By John Richardson CHINA’S manufacturing activity did, at least, stabilise in September after hitting a nine-month low in August, according to the latest preliminary HSBC manufacturing purchasing managers’ index (PMI). The PMI improved to 47.8% in September compared with 47.6% in August. Elsewhere, as the chart above shows, Eurozone and US PMI indices declined. The […]
Asian Chemical Connections
China Leadership: Nobody Has A Clue
By John Richardson THE blog has spent a great deal of time talking to lots of people, and reading everything it can get its hands on, concerning China’s leadership handover and has reached one overwhelming conclusion: Nobody has a clue. The comforting, easy analysis is that the once-in-a-decade handover will be handled smoothly – and […]
Paying For China’s Infrastructure
By John Richardson NEW infrastructure projects in China (see above chart from Rio Tinto) might deliver a boost to chemicals and polymer demand growth in Q4 this year and into 2013. But doubts are being expressed about whether some of these projects can be funded, given the build-up of bad debts in China’s financial system […]
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