By John Richardson IF the blog had a dollar for every time we had read reports about Chinese growth being constantly buoyed by rising domestic income levels and increasing urbanisation, we would probably be as rich as a mid-level executive in a state-owned enterprise (in other words, very rich – way beyond such an executive’s […]
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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