Tag Archives | China credit

China Overlooked Lending Data Down 64% As Economic Slowdown Continues

By John Richardson

FAR too little attention is still being paid to China’s lending data even though this has long been the key measure of whether its economy is accelerating or slowing down.

In January 2014, lending in China started …

Continue Reading

China’s Pollution/Economic Campaign To Reshape Petchems

By John Richardson

I BELIEVE that China’s environmental crackdown will continue to disrupt petrochemicals and polymers markets for the next few years.

This is not a temporary phenomenon that will largely go away with the end of the September 2017-March …

Continue Reading

China Lending Bubble Adds 4.7m Tonnes To Polyethylene Consumption

By John Richardson

THE IMF produced a very interesting study earlier this month, in which it estimated that if it had not been for China’s giant economic stimulus programme the country’s real GDP growth would have averaged only 5.3% per …

Continue Reading

China-led Global Downturn Could Again Happen In September

By John Richardson

WHEN the Americans and the Europeans come back from their summer holidays in September it seems quite possible that they will see history repeat itself.

It was of course from September 2014 onwards that commodities prices started …

Continue Reading

China PP Market Underlines Return To Global Deflation

By John Richardson

CHINA’S polypropylene (PP) net trade, which is imports minus exports, fell by 31% on a month-on-month basis in April to around 316,000 tonnes. That was to be expected given the 42% surge in net trade in Q1 …

Continue Reading

China Takes Two Steps Back: The New Lending Surge

By John Richardson

JUST as it appeared as if the visionary reformers within the Chinese government had won their battle to deflate the most economically and environmentally toxic investment bubble in global economic history, China has taken a step backwards.…

Continue Reading

China Reforms Stay On Track With 8% Credit Fall

By John Richardson

THE above chart shows the moving average growth of total social financing (TSF) in China since 2009 in US dollars. You can see the surge  in the growth of TSF from 2009 until 2013 and its subsequent …

Continue Reading

China Jan-Feb Polyethylene Imports Fall 22%

By John Richardson

CHINA’S polyethylene (PE) imports declined again in February, and are down by an average of 22% over both January and February of this year compared with the same period in 2014.

SOME people will tell you that …

Continue Reading