Tag Archives | China

China: Don’t Listen To The Stimulus Nonsense

By John Richardson

THE Shanghai Composite Index soared to a seven-year high yesterday on the hope that China’s government is about to launch more economic stimulus because of the release of another disappointing HSBC purchasing managers’ index (PMI).  Factory orders …

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Rudderless Australia Drifts On

By John Richardson

THERE used to be two certainties in life that everyone in Australia could depend on. We all know that the first certainty was, and sadly still is, death. But the second certainty was China acting as the …

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China’s Latest Interest Rate Cut: The Essential Context

By John Richardson

CHINA lowered interest rates for the third time in six months on Sunday in a further attempt to limit the damage caused by economic reforms.

The two earlier rate cuts, and February’s reduction in the bank reserve-requirement …

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Why The New Belief In Oil-Price Stability Is Wrong

By John Richardson

THE new consensus view on oil prices,  based on my discussions with many delegate on the side lines of this year’s Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea, seems to run roughly as follows:…

OK,

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China And The Lewis Turning Point: It Is Here

By John Richardson

FOR the last four years, my fellow blogger Paul Hodges and I have been consistently arguing that China was about to hit the Lewis Turning Point.

This is the point at which any country runs out of …

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China To Stop Importing Chemicals As It Exports New Technologies

By John Richardson

LAST Friday I discussed how, even without the impact of demographics on demand, it is mathematically impossible to fit one two billion into two billion.

Now bear with me for a few minutes. The themes I discussed …

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China’s Long, Hard Struggle To Reform Local Govt Financing

By John Richardson

A story that moves financial markets doesn’t have to be true. All that matters is that the narrative convinces enough people for a sufficient period of time to move markets either up or down, thus allowing speculators …

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The Chemicals “Recovery”: Seeing Through The Flawed Logic

By John Richardson

AROUND 90% or more of the price movements in most chemicals and polymers are tied to crude oil.

Add to that the pick-ups in buying than can occur from time to time, based on supply and demand …

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Do Business On China’s Terms Or Do No Business At All

By John Richardson

THE above slide summarises where I think the future opportunities will lie for overseas polyolefins producers in the key China market.  This is taken from my  recent speech at the ICIS 4th World Polyolefins  Conference in Amsterdam.…

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China: Time To Stop Using The 18th Century Spinning Loom

By John Richardson

FOR a long while now I have been arguing that China will do “much, much more with much less”. Four years ago, when Paul Hodges and I first outlined the concept of the New Normal, we highlighted …

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