Episode 1048: Think Tank: What China’s economic malaise means for chemicals
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As China’s manufacturing economy stagnates, chemical companies may have to close plants amid rampant overcapacity. - China’s manufacturing economy is shrinking- Demographics, construction bubble, poor export markets fuel downturn- Expect China’s economy to be flat or very slow to grow- Polypropylene (PP) and other capacity may need to close as overcapacity rises- Governments now saddled with rising repayments on stimulus- Energy sector investment in net zero projects is disappointing