PSA Macro: China Data Shows Country Desperate to Export Way Out of Problems
Pelham Smithers notes that although there are reasons for thinking that the Chinese economy is producing “real” growth of around +5% for CY25, there are several structural problems that need to be considered and the implications for Japan.
Nippon Steel & Sumitomo Metal and its affiliates are mainly engaged in the manufacture and sale of steel products, chemicals and nonferrous metals. Co. is also involved in the engineering and construction works; the manufacture and sale of semiconductor components and materials, electronic components and materials, metal-processed products, and ceramic components and materials; the manufacture and sale of chemicals products, coke and coal tar chemicals products and electronic materials; and the provision of engineering and consulting services pertaining to computer systems.
Tokyo Steel Manufacturing is mainly engaged in the manufacture and sale of electric-arc-furnaces, as well as a recycler of steel scrap. Co.'s primary products include H beams, sheet piles (U-shaped steel-sheet piles), I beams, checkered H-beams, channels, reinforcing bars, heavy plates, hot rolled coils, pickled and oiled coils (P/O coils), hot-dip galvanized coils (T-Zinc, T-alloy), checkered coils, and steel sheets. As of Mar 31 2016, Co. maintains four domestic plants in Aichi, Okayama, Fukuoka and Tochigi prefectures and a steel center in Kagawa prefecture.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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