I thought I would publish Michael Pettis’s reply to my piece yesterday here rather than approve as a comment: Good piece but one correction. I don’t think 8-9% growth this year and next is impossible. On the contrary, I think that if the government keeps up its stimulus they can force high levels of growth […]
Asian Chemical Connections
Falling China license plates a lead indicator?
Source of picture: Chinaenvironmentallaw.com Talk around the water-cooler in Shanghai offices at the moment is the fall in the cost of a car-license plate in September to a lowest bid of Yuan 27,000 ($3,953) from around Yuan 36,000 in August. “It surprised everyone because the forecast had been for the price to actually go up […]
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