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Thursday, April 30, 2009

Will China lead the world recovery?
"Electronics customers are indicating some benefit  from the China stimulus package," and electronics sales will rise this year as a result, DuPont Co. chief executive Ellen J. Kullman told investors last week. And, while some other ag markets are flagging, China rice, fruit and vegetable growers are boosting purchases of DuPont's Rynaxypyr insecticide and other agri-tech. All that makes China an exception in a world of what Kullman calls "further deteriorating economic conditions."

Will China lead the world out of recession? "China is shovel ready!" argues economist Ed Yardeni. He cites, from Caterpillar's quarterly report: "China, with an economy one-third the size of the United States, is allocating over three times as much for infrastructure and initial results from this package look promising." And he notes United Technologies and Eaton, as well as DuPont, "are starting to see results from China's plan." 
Posted by Joseph N. DiStefano @ 12:09 PM  Permalink | 1 comment
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  • 0 like this / 0 don't   •   Posted 11:23 AM, 05/02/2009
    What's the status of DuPont's long-touted and planned new $1 billion TIO2 plant in China? It appears to have succumbed to local environmental concerns of the Chinese, perhaps justifiably so, considering the massive messes and toxic pollution linked to DuPont's existing TIO2 factories stateside in Delaware, Mississippi, and Tennessee. ...funfun..
    — funfundvierzig


1 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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