19.10.2015 - Commodity bubble pops as China model changes
China’s adoption of its New Normal policies is bursting the bubble. Prices for most commodities are returning to historical, much lower, levels. Chemical companies face a major challenge now that China’s business model has changed. The country is no longer aiming to achieve high levels of economic growth by operating an export-focused development model, supported by vast infrastructure spending. Instead, its New Normal policies are focused on boosting domestic consumption by creating a services-led model based on exploiting the opportunities created by the power of the internet. This “China Chill” highlights the chaos now having an impact on petrochemical feedstock and product markets...............................................Full Article: Source
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