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Asian Chemical Connections

Global chemicals: What I believe our industry must do in response to a deep and complex crisis

I WORRY that we face a crisis deeper and more complex than any of us have seen before because of the confluence of geopolitics, demographics, the changing nature of the Chinese economy as Common Prosperity reforms accelerate, China’s rising chemicals and polymers self-sufficiency, the high levels of global inflation with all its causes, and, last but certainly not least, climate change.

China polyolefins: several years of history pass in just one week

LAST WEEK I challenged whether the longstanding “put option” for petrochemicals companies and investors would still apply to China 2022.

The put option rests on the well-proven notion that the worst things get in the short term, the better the immediate outlook because Beijing always rides to the rescue with big economic stimulus.

The challenge I posed to the put option was that China might only tinker around the edges of its Common Prosperity economic reforms.

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