Major changes are taking place in US retailing. They echo the changing focus of emerging Asian markets. Taken together, these must have important implications for chemical demand. US retail markets have been evolving over the past 3 years, as the Crisis began to hit, and the baby-boomers moved beyond the peak 25 – 54 age […]
Tag Archives | China
The blog remains very concerned that, overall, the economic policies adopted during the current Crisis are leading the world economy to the worst possible outcome. This outcome is totally predictable. Indeed it has been predicted by reputable experts for some years. Yet most policymakers still seem intent on dealing with symptoms rather than causes. As […]
Early last year, China’s leadership faced the prospect of social unrest, as 23 million people lost their jobs as Western demand dropped for China’s exports. The government bought itself time to deal with this problem by throwing money at it – $1.4trn of bank lending, and $580bn of stimulus. Earlier this year, the government then […]
Many readers have been taking a well-deserved break over the past few weeks. As usual, therefore, the blog is highlighting key posts during August, to help you catch up as you return to the office. August has been surprisingly busy: Force Majeure reports show worrying increase highlighted the worrying rise in force majeures, which may […]
Registrations are already building for our 9th European Aromatics and Derivatives Conference, to be held in Berlin on 23-24 November. Co-organised as always with ICIS, it features a strong line-up of industry speakers including: • Shell Chemicals, Sven Royall, VP Intermediates on ‘What next for Aromatics’? • Ralf Kuhlmann (former Business Director, ExxonMobil Chemicals and […]
An interesting opinion piece in today’s China Daily suggests the concept that “the next few years will see a dramatic acceleration in the shift of global economic powers eastward” is “at best, a half-truth“. Yu Zhongwen notes that this theory has gained ground in recent years, as the media have speculated that “with a combined […]
“China’s future economic growth will definitely gradually slow down. The issue for China’s economy is the quality of growth, which is why we now have to carry out structural adjustment and transform our development model. The true meaning of this is raising the quality and efficiency of growth. So we should change our attitude, and […]
India’s economy continues to impress. It has been largely unaffected by the global economic crisis, due to its relatively ‘closed’ nature. This gives its central bank a more traditional role – reducing interest rates when economic activity slows, and increasing them as it recovers. Currently, it is on the latter course, increasing rates to 5.75% […]
There are mounting signs that 2010 could prove a Year of 2 Halves in terms of economic growth. Interviewed by Bloomberg last month, the MD of the Economic Cycle Research Institute (ECRI), Lakshman Achuthan, warned that their indicators showed “A real global downturn in the industrial sector is starting right here and right now“. They […]
“There are 64.5 million empty apartments and houses in China’s urban areas“, according to Barrons, the US investment magazine. The figure comes from a survey of the country’s electricity meters, undertaken by China’s Academy of Social Sciences. To date, China’s homebuyers remain convinced that home prices cannot fall, as shown by their willingness last year […]
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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.