In the first of a series of blog posts on the major challenges facing China’s economy over the next 12-18 months, we look at bad debts. High stakes in Hangzhou. Source of picture: Wikimedia By John Richardson A fascinating blog post by Patrick Chovanec makes this very worrying observation about China’s bad debt […]
Asian Chemical Connections
Forty Five Minutes On China
By John Richardson CHINA’S GDP (gross domestic product) growth could fall to only 6.6 percent this year compared with 9.2 percent in 2011, warned Patrick Chovanec, an economist at the Tsinghua University’s School of Economics and Management in Beijing in this Reuters article. Even this very-low rate of growth for China will only be achieved […]
Conventional Thinking Revisited
By John Richardson CONVENTIONAL thinking is that when you have a strong feedstock advantage, you should go ahead and build more petrochemicals capacity on the assumption that growth will eventually be sufficient to absorb volumes. Hence, several more green-field crackers would be announced in the US based on low-cost ethane, butane and propane via shale […]
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