China capitalises on crisis

Jagger, Anna
July 2007
ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p29
Trade Publication
The article describes how China capitalized on the Asian financial crisis, strengthening its pertrochemicals position. When the crisis struck, many small petrochemicals projects that had been under discussion subsequently disappeared. Chemicals investments were particularly badly hit in Indonesia and South Korea. In contrast, China's fortunes have improved in the past 10 years. It enjoys a GDP growth of 9-10%/year, compared with 4-5%/year for southeast Asia.


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