More and more evidence is emerging of the major slowdown now underway in China’s economy. China’s leadership have warned this would take place since they took office 2 years ago. And they have reinforced the message in recent months with their focus on explaining the move into the New Normal and its consequences. A major interview […]
Tag Archives | Li Keqiang
I was privileged to be interviewed by Merryn Somerset Webb, editor-in-chief of MoneyWeek (the UK’s best-selling financial magazine) in this week’s edition. The interview covered a wide range of topics including the perilous state of UK house prices and some stock markets, and has prompted enormous interest amongst MoneyWeek readers. Merryn is one of the UK’s leading […]
Can you imagine your government publishing a report that showed $6.8tn has been wasted in “ineffective investment” in the past 4 years? That is $6.8tn, by the way, not a typo. And it is more than Japan’s total annual GDP, or the combined annual GDP of Germany and France. No, I thought not. I certainly cannot remember […]
The blog got 54.8m results from Google when it entered the phrase “China GDP” this week. The only problem, seemingly unrecognised by most analysts, is that China’s GDP report is a completely fictitious number, invented by the leadership each quarter to suit its own narrative. This sounds a bold statement, but it isn’t: China is the only country to […]
As promised yesterday, the blog looks today at the potential Winners and Losers from President Xi Jinping’s ‘China Dream’. It is a complete break from the policies of the previous leadership, which ended up being based on a ‘wealth effect’ created by an unsustainable property bubble. Xi’s programme is emphatically about the longer term. There […]
A new type of leader seem to be starting to emerge in China and India. President Xi Jinping in China, and premier Narendra Modi in India, are not spending much time studying the output of focus groups or investment bank analysts. Nor do they have ‘spin-doctors’ worrying about every phrase on the 24-hour news channels. Instead, they […]
Every now and then, somebody in a senior position says something that really deserves to be noticed. Often this is when they are in a state of Denial. This was the case in the blog’s first post in the Interesting Quotes series, when CitiGroup CEO, Chuck Prince dismissed worries about subprime losses in August 2007, saying: […]
There’s a lot of wishful thinking underway about China’s future growth. All the experts who told us that its growth was ‘inevitable’ and would never end, are now having to face the issue that clearly growth is now slowing fast. Their response, of course, is to remain in Denial mode. They imagine that a magic […]
Suddenly, people are starting to talk about China and the risks it creates for the global economy. There is a lifecycle to the way that such issues develop in the general consciousness, as John Mauldin has observed. And so this development suggests that we are now well along the process, as highlighted in the chart above: […]
China has been primarily responsible for driving global growth since the Crisis began in 2008. Auto sales, for example, would have seen negative growth world-wide without China. And auto manufacturing is the world’s largest manufacturing industry. The chemical industry has been in a similar position. Whilst China is also now responsible for nearly 50% of global […]
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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.