HP Impact: China petrochemicals market booming, but risks abound
A market analysis from CMAI forecasts China to account for 20 ? 35% of the growth in the polyolefins, styrenics, vinyls and polyester value chains through 2008. This demand has remained robust even th..
A market analysis from CMAI forecasts China to account for 20 ? 35% of the growth in the polyolefins, styrenics, vinyls and polyester value chains through 2008. This demand has remained robust even through some of the recent difficulties facing the global economies.
CMAI is forecasting a continuation of this Chinese demand growth trend for the coming five years, in both the underlying economy and, more specifically, chemicals.
Growth drivers. December 2003 marked China's two-year anniversary as a member of the World Trade Organization.
?What some may find surprising is that China's net trade position has declined over the past several years,? says David Witte, head
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