Tag Archives | China

The Petronas Decision And Singapore

By John Richardson

THE blog continues to ponder the significance of the Petronas announcement that it is to go ahead with its $27bn refinery-petrochemicals project – the Pengerang Integrated Complex (PIC) at Johor in Malaysia.

“It means that Singapore faces …

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Poverty Alleviation Matters More Than GDP

By John Richardson

RICH people, relatively speaking, don’t buy that many chemicals and polymers – hence, poverty reduction matters from a dollars and cents as well as a moral perspective.

Thus, a report released this week by the Asian Development …

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China Identifies The Smart People

By John Richardson

CHINA’S government, via a very important statement on the state-run newswire Xinhua, have identified the smart people.

They are those who have already realised that China is not going to “blink”. There will be no big new …

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China’s SMEs, Good And Bad, Under Threat

By John Richardson

THE cosy relationship between the state-run banks and state-owned enterprises (SOEs) has long held back economic rebalancing, but wasn’t a critical problem for small-and-medium-sized enterprises (SMEs) when official lending tripled in 2009 (have a look at the …

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China’s Official View On New Stimulus

By John Richardson

THE mood has improved in China’s chemicals markets  over the last few days thanks to strong indications from Beijing that a new economic stimulus package is about to be launched.

But, as we predicted yesterday, any such …

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China’s Urbanisation Myth Bites The Dust

By John Richardson

THE blog would again be in the position of being able to afford a yacht in Monte Carlo if it had a dollar, even in an Australian dollar these days, for every time it has heard the …

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China And The “Conflation” Problem

By John Richardson

WHEN all you care about is making money on the next chemicals cargo, or on a recovery in financial markets, then the current “will they, won’t they?” question over whether China will launch a new round of …

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Take Away The China “Froth” And What’s Left?

By John Richardson

THE denial that we discussed last week is still very much in evidence. For example, we heard the argument over the last few days that China’s economic slowdown would involve only “a couple of bad quarters” and …

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China Jobs Versus The Cost Curve

By John Richardson

ACHIEVING approval for any new petrochemicals projects in China is going to be a lot harder in the future, is a a growing view across the chemicals industry.

A senior executive with a US-based polyolefins producer, for …

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Nothing “Disappointing” About China Data

By John Richardson

CHINA’S credit growth in 2014 would have to be higher than that of last year if GDP growth is going to hit 7.5%.

But in February, as Reuters wrote in this article: “China’s total social financing, a …

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