LONDON (ICIS)--Click here to see the latest blog post on Chemicals & The Economy by Paul Hodges in which he analyses the slowdown in the Chinese economy and how lending, instead of real incomes, has made future growth challenging.
“The rest of this year is therefore likely to be particularly tough, as Xi [Jinping, China’s president] ‘takes the pain’ of reform. Companies and investors who have been expecting further stimulus may therefore find it prudent to develop contingency plans in case such stimulus does not appear,” says the author.Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants International eChem.