Sky-high living costs? Source of picture: www.shanghaiist.com By John Richardson CHINA’S imports surged by 55.9 per cent last December, raising concerns among chemicals traders and producers that this points to increasing inflationary pressure and a possible interest-rate hike later this year. The country’s current official borrowing rate stands at 5.31%. “The government has […]
Asian Chemical Connections
China’s Credit Growth Versus the West
By John Richardson THE BIG gap in credit growth between China and the developed world has been thrown into further relief by recently released data – raising inflationary concerns in the world’s most important economy, while emphasising how rich-world countries remain on government life-support systems. Broad money supply growth was a huge 30% in China […]
China indicates monetary tightening
Confused Direction Source of picture: China Daily A TIGHTER monetary policy is being evaluated by China’s State Council, one of the country’s most-powerful legislative bodies, according to numerous media reports – including this one from Reuters. And the chairman of China’s sixth-biggest lender was quoted in the Financial Times today as saying that […]
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