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Asian Chemical Connections

China Jan-Feb Deflation Deepens, Growth Collapses

By John Richardson CHINA’S economy is now showing signs of extreme weakness, according official year-on-year data for January-February: Fixed asset investment, the biggest driver of growth in China’s economy, rose by 13.9% – the weakest rate of expansion since 2001. The 6.8% year-over-year growth in industrial production was “the weakest year-over-year reading ever outside the global […]

So Much For The Bonus From Cheaper Oil

By John Richardson THE big turning point in Asian petrochemicals markets can be traced back to around the end of July for three big reasons: • It was broadly accepted from then onwards that China wasn’t going to change its policies. There would be no “blinking” via a big, old-style economic stimulus package. • The […]

Policymakers Have Failed The World

By John Richardson WHEN the economic, social and political history of 2008-2014 ends up being written, there are two groups of people who are going to end up bearing a lot  of the blame for  the new global financial crisis. It is the people who run the Fed and those who ran China’s government until […]

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