Tag Archives | Li Keqiang

China Faces Lower Growth In Q2

By John  Richardson

WE conducted another of our highly unscientific surveys amongst polyethylene (PE) producers and traders last week and the message remained the same: Persistently weaker-than-expected downstream demand in China.

“Many downstream plastics processors have seen persistently weak orders …

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China’s 2014 GDP Growth Target

By John Richardson

THE blog is scratching its head this morning as it tries to work out how China can have it both ways.

Yesterday, Li Keqiang, China’s Premier, announced that the country’s 2014 GDP growth target would be 7.5%, …

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China MEG Market Points To Risks Ahead

By John Richardson

SOMETHING very disturbing is going on in China’s mono-ethylene glycol markets (MEG), which, we, think, reflects the following:…

Failure to read the economic tea leaves. A sharp contraction in credit growth threatens to leave 2014 GDP growth

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Life After The “Sugar High”: Oil Prices And Petrochemicals

By John Richardson

WHY is it that even though demand in the US for petrochemicals is still well below the 2007 peak, as indicated by the latest American Chemistry Council capacity utilisation chart, the November ICIS Petrochemical (IPEX) for the …

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Analyse The Data And Listen To Li Keqiang

By John Richardson

IT IS important to look at long-term trends in China rather than be misled by a few positive sets of data. This is not pessimism, just realism.

Yesterday saw the release of very good August export data.  …

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Every Time You Dip Your Toe In The Water…

By John Richardson

EVERY time you dip your toe in the water the political temperature in China can feel a little different.

For instance, in this article in the New York Times, published on 19 July, the newspaper wrote: “Communist …

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China’s Balancing Act: Reforming Land Rights And Hukou

Xi Jinping

 

By John Richardson

THE good health of China’s economy and the future of the Communist Party depend on giving farmers individual land-ownership rights and allowing equal rights for migrants in cities, an official from a leading Beijing-based …

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China Commodities Rally About Protecting Existing Debt

By John Richardson

OVER the last few days we have focused on the increased risk-on trade in commodities, including petrochemicals.

But maybe the rallies we have seen  in products such as fibre intermediates and polyethylene (PE)  are mainly about traders …

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China’s SMEs Face New Lending Problem

By John Richardson

CHINA’S small and medium-sized (SMEs) may already be finding it increasingly difficult to source trade finance as a result of the late June credit crackdown warned Winnie Wu, Hong Kong-based research analyst at Merrill Lynch,  who was …

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China Market Rally In Context

 

By John Richardson

ETHYLENE spot prices rose by $20-50/tonne in Asia last week on the back of stronger derivatives pricing, including a $5-25/tonne increase in polyethylene (PE), according to ICIS.

However, nobody is cracking open the champagne. As the …

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