Wishful thinking can be terribly dangerous for company profits. Taken to extremes, it can lead them into bankruptcy. Recent developments in China thus make it essential for every company to immediately review its strategy for doing business in/with the country, against a realistic outlook for 2016-2018 GDP growth will likely be zero, and could well […]
Tag Archives | pollution
“If the lips are gone, the teeth will be cold”: China’s New Normal policies require companies to undertake radical strategy reviews
The key to forecasting China’s auto demand since 2008 has been the level of bank lending, as the chart above shows. This was critical in making China the world’s largest auto market. Official data shows average disposable income was just Rmb 10k ($1600) in H1 2014, making it impossible for most people to buy a car out of income: […]
Chapter 6 of Boom, Gloom and the New Normal in October 2011 was one of the first detailed analyses to highlight the way in which pollution was rapidly moving up the political agenda in China. Controversial at the time, it warned: “Recent growth in China and India has come at a price: Poor air quality, chronic water […]
Average incomes in China are very low by Western standards, and certainly not “middle-class” as the blog discussed yesterday. It is also easy to forget that almost half the population still lives in rural areas. Official data shows their incomes have shown major growth over the past 20 years, but are still less than a third of urban incomes today. The chart […]
Pollution is, unfortunately, one of the downsides of industrial development. Luckily for us in the West, it is mostly a distant memory. But as the BBC picture on the left reminds us, Britain was paralysed by ‘smog’ (a lethal mixture of fumes and fog) only 50 years ago in December 1962. Now it is Beijing’s […]
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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 as 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.