Tag Archives | China lending

Dip In China Credit Growth A Global Warning Sign

By John Richardson

CHINA might choose to once again kick the can down the road by further delaying essential economic reforms, but this is not my base case for the rest of this year and into 2017.

Xi Jinping and …

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The Two Different Chinas: Outcome Remains Uncertain

By John Richardson

THIS year’s “sugar high” was always going to be that exactly that – if you look at the right data. The staggering increase in China’s total credit   in Q1 2016 over the first quarter of last year  …

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China Reforms Stay On Track With 8% Credit Fall

By John Richardson

THE above chart shows the moving average growth of total social financing (TSF) in China since 2009 in US dollars. You can see the surge  in the growth of TSF from 2009 until 2013 and its subsequent …

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2014: The Rear View Mirror

By John Richardson

MOST of my forecasts for 2014, which I made in this post on 30 December last year, look good in the rear view mirror.

I was right about credit availability being the single biggest issue for the …

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Asian Chemicals Markets Panic Is About China’s Lending

Note to my readers: I had planned to write about China’s polyethylene (PE) market today, but have decided that it is, first of all, important to further explain the reasons why Asian chemicals markets are in such distress at the …

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Munch

Diesel Demand In China To Fall As Banks Hoard Cash….

..…LETTERS OF CREDIT TAKE 5-6 WEEKS TO OBTAIN, UP FROM 5-6 DAYS – THAT’S IF YOU GET THEM AT ALL

 

By John Richardson

DIESEL consumption is another crucial measure of China’s real economic growth because China is the world’s …

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China’s Demand For Lending In Steep Decline

By John Richardson

WHEN the demand for lending in any economy starts to decline, you know that the people who make up that economy have an understanding that things are likely to get worse before they get better.

Hence, chemicals …

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China’s July Lending Underlines The Real Direction

By John Richardson

WHEN there was a big year-on-year surge in China’s lending in June some commentators took this is an indication that Beijing was going soft on its economic reform programme.

Instead it seemed more likely at that time …

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China’s “Whack-A-Mole” Game Continues

By John Richardson

THE blog loves playing the the “whack-a-mole game” in our local arcade. How it works is that every time a plastic mole pops up, you have to try and whack it back down with a hammer in …

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China Credit Squeeze Further Weakens “Real Demand”

By John Richardson

DESPITE the 26% increase in China’s polyethylene (PE) imports in Q1 of this year over the same period in 2013, “real demand” continues to weaken – i.e. the resin bought by end-users to actually make things.

The …

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