By John Richardson THE NEXT big wake-up fall for global financial markets and the chemicals industry is likely to ring loud from the autos market. Expect global auto sales growth estimates for 2019 to be revised downwards with a steep sell-off in the share prices of the major car producers, as everyone realises that sales […]
Asian Chemical Connections
China Lending Bubble Adds 4.7m Tonnes To Polyethylene Consumption
By John Richardson THE IMF produced a very interesting study earlier this month, in which it estimated that if it had not been for China’s giant economic stimulus programme the country’s real GDP growth would have averaged only 5.3% per annum during the five years to 2016. Instead, however, the IMF estimates that China’s economy […]
India’s “Booming” Middle Class
In the second of our series of posts on Asian demographics, we look at India. Yesterday, we summarised the overall challenges. By John Richardson INDIA is the home of a booming middle class that voraciously consumes I-Phones, I-Pads, BMWs, foreign travel etc – all the trappings of a Western lifestyle. All that the chemicals industry […]
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