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Asian Chemical Connections

“Good News” Over China Bank Lending

By John Richardson CHINA’S new local currency lending rose to 703.9 billion Yuan ($111 billion) last month, way ahead of July’s 540.1 billion Yuan. If a you are trader in the Dalian Commodity Exchange’s futures contract in linear-low density (LLDPE) you can take this ostensibly encouraging number, and premier Wen Jiabao’s speech earlier this week about […]

China Auto Sales Point To Long-term Shift

By John Richardson The impact of Chinese government policy adjustments on petrochemicals demand was further highlighted late last week, when auto-sales figures for January-February were released. Sales declined by 4.4 percent, the worst two-month start for the industry in seven years, with local-brand sales falling by 17 percent. This is sure to dampen the mood […]

China’s Inflation Struggle

By John Richardson LIKE the boy who cried Wolf the blog might not be believed as we once again warn about the risks ahead for China’s economy. We have been worried for a long time that eventually China’s huge economic stimulus package, in response to the threat of social unrest, would cause some major problems. […]

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