By John Richardson NO LONGER is the promotion of local government officials in China being solely measured by their success in hitting GDP growth targets. What is instead taking priority is how successful local authorities are in cleaning-up the environment. That’s the carrot. The stick of China’s “carrot and stick” approach to dealing with pollution […]
Asian Chemical Connections
China’s SMEs, Good And Bad, Under Threat
By John Richardson THE cosy relationship between the state-run banks and state-owned enterprises (SOEs) has long held back economic rebalancing, but wasn’t a critical problem for small-and-medium-sized enterprises (SMEs) when official lending tripled in 2009 (have a look at the chart on polypropylene in this post, which illustrates the impact). There was, of course, plenty of […]
China’s November Plenum: The Verdict So Far
By John Richardson THE November Plenum is over and now the analysis has begun. Some commentators view the formal communiqué about the plenum – which was released by the government on Tuesday – with tremendous enthusiasm. Others, however, are disappointed, while a third group of commentators are sitting on the fence. This might not seem […]
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