Tag Archives | state-owned enterprises

PEprices8June2013.jpg

China PE Recovery Lacks Firm Foundation

By John Richardson

DESPITE a slight pick-up in China’s polyethylene (PE) prices over the last two weeks (see above chart), producers and traders remain gloomy about the immediate outlook.

“What has driven prices up is that new supply hasn’t hit …

Continue Reading
ChinaofficialPMI.jpg

China’s SMEs Continue To Struggle

By John Richardson

ONE of the reasons why China’s polyethylene (PE) demand growth has been below the increase in overall GDP for most of the years since 2006 has been the relatively weak performance of the country’s small and medium-sized …

Continue Reading
Mask.jpg

China’s Environmental Balancing Act

A woman wearing a mask looks across the Pudong on 16 January this year

Source of picure: Zuma/Rex Features

 

By John Richardson

A DISPUTE between state-owned refiners Sinopec and PetroChina and environmental regulators serves as a good example of …

Continue Reading
Chinaloans.png

China’s Risky New Lending Surge

By John Richardson

BANK lending is once again surging in China as politicians try to shore up their support ahead of the leadership transition.

“The central government has approved up to 7 trillion yuan ($1.2bn) for infrastructure investments since May …

Continue Reading

Wen’s Last Reform Push

By John Richardson

Wen Jiabao has been at it again. His extraordinarily strong comments on Tuesday follow those he made last month about the risks of a return to the economic chaos of the Cultural Revolution.

On this latest occasion, …

Continue Reading

“Known Unknowns” And China

By John Richardson

IF the blog had a dollar for every time we had read reports about Chinese growth being constantly buoyed by rising domestic income levels and increasing urbanisation, we would probably be as rich as a mid-level executive …

Continue Reading

September Will Be A Cruel Month

By John Richardson

SEPTEMBER is going to be a cruel month when the West returns from the summer holiday period and the extent of damage to chemicals and polymer demand becomes more apparent.

In Asia, temporary supply constraints in polyolefins, paraxylene (PX) and …

Continue Reading