By John Richardson YOU can spend as much time as you like crunching petrochemicals supply and demand data, but in the end, what will matter the most in China in determining the strength of markets during 2014 will, surely, be the availability of credit. This was starkly underlined by this New York Times article, which […]
Asian Chemical Connections
Running Away From Complexity
By John Richardson TWO-and-half years ago, the blog was told of a struggling Shanghai shoe-repair shop owner who had mortgaged himself up to the hilt in order to buy three apartments. “He has taken the risk because he assumes that the government will never let property prices fall,” a sales and marketing manager from […]
China: 2013 Growth To Slow Again
By John Richardson A detailed study of some of China’s positive economic data for November adds a lot more weight to the point we made yesterday: The “recovery” is unlikely to last into 2013. November marked the first time in over a year that both the official China manufacturing PMI and the final HSBC/Markit Economics […]
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