The article is mostly about india but touches chinese growth stall.
I am not a chinese economy expert but i follow polymer prices on weekly basis and all those commentries are similar for following ,
1.China’s labour intensive businesses is moving out, rather it started to move in 2018 and safe to presure they’ve already moved out to SE asia/India.
2.China continues to pour money, into oil to chemical capacity expansion, in a big way despite the suppressed demand, analyst see they intend to move to high value products instead of labour intensive textile,packaging…etc as its labour costs increased.
3.Anaysts see the demand for those chemicals, in western world, to improve in H2 24.
not sure how this is related to the discussion on this thread but if it can help inunderstanding part of chinese macro.
| Subscribe To Our Free Newsletter |
