The growth of China’s chemical industry over the past 30 yr has been truly astonishing.
The growth of China’s chemical industry over the past 30 yr has been truly astonishing. Following economic and political reforms that began in the late 1970s, the country has transformed into a juggernaut of chemical and materials production and, more recently, innovation. This has been achieved by enormous effort and investment to position the country as the leading player in the petrochemical landscape, boasting state-owned enterprises such as Sinopec, the world’s largest oil refining, gas and petrochemical conglomerate. This growth has been in lockstep with China’s economic development and is a necessary strategic underpinning of the Chinese government’s power on the world stage.
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