China’s exports are growing again. But not because SuperCycle levels of demand have returned in the West. Instead, its companies are using their low-cost manufacturing model to take on and beat Asian and Western giants. Developments in the global smartphone market highlight the rapidity of the change underway They confirm China’s economy is moving in exactly the […]
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“Forget the Crimea annexation or a U.S.-Russia standoff. The biggest international threat to U.S. economic growth is the slowdown in China, say economists polled by The Wall Street Journal (WSJ).” That was last week’s headline in the WSJ. These, of course, are the same economists who have been busy telling us for years that China […]
Apple will report great sales this weekend from its iPhone launch in China. But these cannot disguise its major problem in selling its high-priced iPhones there. Its difficulties highlight the dangers for those who believe that China has now become a ‘middle-class’ country with most of the population having incomes close to Western levels. Back in 2010, the analysts […]
One of the great myths of recent years has been that China – whose population mainly earns less than $10/day – has somehow become ‘middle class’. It is certainly true that some of China’s 1.3bn population have done well since the economy reopened to the world after Mao. And equally true that the house price […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.