By John Richardson CHINA might well be in the midst of deflation caused by overcapacity in some chemicals, and in many other industries as well, but the longer-term strategic direction of reducing dependence on imports doesn’t appear to have changed. An indication of this was this story from my colleague Lilian Hua at ICIS. She […]
Asian Chemical Connections
Managing China’s Middle Income Aspirations
Finding a way through…. Traffic in Shanghai. Picture: Rex Features By John Richardson WHEN the blog first visited China in the late 1990s, it travelled around Beijing in a fruitless and naive attempt to get people to really talk about everyday life. Last week was the complete opposite during our visit to Beijing and Shanghai. People initiated conversations […]
China Set To Gain The Most From Inland Boom
By John Richardson LAST week we discussed how inland markets in China – which are booming thanks to government efforts to raise rural income levels – offer huge opportunities for petrochemicals producers. Here are a few further reasons to believe that it will be local rather than overseas producers which benefit the most. Beijing […]
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 […]
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