By John Richardson THE recent investigation by the US-based Fair Labor Association into Foxconn is a further indication of how China is transforming its economic model. It was found that Foxconn breached several Chinese regulations, including a maximum working week of 49 hours. The company is China’s biggest private-sector employer and manufactures 40 percent of […]
Asian Chemical Connections
Further China Evidence
By John Richardson FURTHER evidence of weakness in the Chinese economy has emerged via the polyolefins market. In an excellent Insight article, my ICIS colleagues Chow Bee Lin and Peh Soo Hwee say that China’s plastics processors are resisting additional price increases because their customers, the manufacturers of finished goods, are struggling. The combined retail […]
China And Inflation
By John Richardson MUCH excitement heralded the announcement that February inflation in China had fallen to a 20-month low of 3.2 percent – well within the government’s annualised target of 4 percent. This led to the belief that the government would boost bank lending, and maybe further low bank-reserve requirements and interest rates. No doubt this […]
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