By John Richardson TIME Magazine made the “Chinese Worker” runner-up in its 2009 Person of the Year contest (by the way the winner was Ben Bernanke, the then chairman of the US Federal Reserve). It was the hard graft of these workers, and lots of government spending, that Time said had enabled China to achieve its […]
Asian Chemical Connections
China’s “Overwhelming” Overcapacity
By John Richardson A HOPE being expressed by chemicals and polymer traders and producers the blog has spoken to this week is that the surge in lending in China during the first quarter will result in stronger GDP growth later this year. Total new financing, which includes both official bank loans and lending via the […]
New IMF Report Warns On China Investment
By John Richardson CHINA’S over-dependence on investment as a driver of growth has been highlighted in a new International Monetary Fund (IMF) report. Investment accelerated between 2007 and 2011 to counter the effects of the global financial crisis, according to this Reuters report on the IMF study. “Depending on precise assumptions, over this period, China […]
China PVC Capacity Binge Clobbers Northeast Asia
By John Richardson CHINA’S capacity expansions in industries including steel, aluminium and petrochemicals continue to astound. Take polyvinyl chloride (PVC) for example., where, according to a new report by ChemSystems, “capacity (in China) has expanded from 5m tonne/year in 2003 to over 15m tonne/year in 2009, almost 90 percent of total global capacity expansion over […]
Jump to page: