TITLE

China capitalises on crisis

AUTHOR(S)
Jagger, Anna
PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25695571

 

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