YESTERDAY we highlighted how a crucial government meeting takes place in November in China. This could well outline the blueprint for economic reform over the next few years. A major challenge facing China’s new leaders is the unsustainable surge in debt since 2008 – a problem we have been highlighting for several years now. […]
Asian Chemical Connections
Resolving China’s Bad Debts
By John Richardson IS China facing a bad debt crisis as serious, or perhaps even worse, than sub-prime in the US and sovereign debt in Europe? Despite all the bland reassurances the blog keeps hearing from chemical industry executives about the tremendous growth prospects in China, this is a valid question as we try to assess […]
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