Archive | US RSS feed for this section

The US Must Wise-Up And Back China

By John Richardson

AUSTRALIA has very sensibly reversed its decision not to join the China-led Asian Infrastructure Investment Bank (AIIB). This is the first good policy move I can think of since Tony Abbott became Australia’s prime minister.

And with …

Continue Reading

China’s New Investment Bank: Either Join Or Lose Out

 

By John Richardson

THE UK, first of all, agreed to join the China-led Asia Infrastructure Investment Bank (AIIB) and now France, Germany and Italy have followed suit.

Encouragingly, also, in one of the few good decisions since he came …

Continue Reading

US Fed Cannot Solve Deflationary Crisis It Has Created

 

By John Richardson

ALL eyes will be on the precise detail of the statement the US Fed issues after its latest Federal Open Market Committee (FOMC) meeting, which takes place today and tomorrow (March 17-18).

Many analysts think that …

Continue Reading

Following In The Footsteps Of China Is Impossible

By John Richardson

THE chart above shows how China’s consumption of polypropylene (PP) rose from 4.6 million tonnes in 2000 to 19 million tonnes in 2014.

It also illustrates how, in the process, China’s percentage share of global PP consumption …

Continue Reading

Stand Back And Think: Can This Oil-Price Rally Really Last?

By John Richardson

THE talk in oil markets right now is largely about falling US rig counts and how this has resulted in tighter supply.

But it is very important to note that this focus on the rig count is …

Continue Reading

US Resumes The Pointless “China Blame Game”

By John Richardson

IT IS human nature not to want to admit you are wrong. Nobody likes owning up to mistakes.

What is instead a lot easier is to look for someone else to blame when things start going very …

Continue Reading

China’s Damage Limitation: The Reserve Requirement Cut

By John Richardson

DAMAGE limitation is the motive behind China’s decision cut its reserve requirement  ratio (RRR) by 0.5% to 19.5%.

(The RRR is the amount of money that banks have to set aside against this lending, and so the …

Continue Reading

Global Economy: “When Elephants Fight, The Grass Suffers”

HERE are some very disturbing statistics:…

Over the last five years, US oil and gas companies have issued bonds and taken out loans that are together worth $1.2 trillion, according to data from Dealogic. This has created at least 200,000

Continue Reading

New Silk Road Part 2: How China Will Win

Here is the second part of my thinking on what China’s New Silk Road means for the global chemicals industry. Part One appeared last Thursday.

 

By John Richardson

PER capital GDP in Yunnan province in China’s southwest was just …

Continue Reading
P1-BS532_CHINAG_16U_20150119220313

China: Counting The Cost Of Wrong Analysis

By John Richardson

VERY few people listened when I warned in November 2013 that China’s economy was about to enter a “New Normal” as a result of the biggest about-turn in economic policy that China had seen for at least …

Continue Reading