China

Details

  • Service: Tax, Global Transfer Pricing Services (GTPS)
  • Industry: Industrial Markets, Chemicals
  • Type: Business and industry issue
  • Date: 8/27/2009

Chemicals in China: Responding to new challenges 

In recent years, the chemical industry in China has witnessed strong earnings growth and double-digit profit margins. The economic slowdown is reducing that growth and will limit capital investment over the short and medium term. Most of the chemicals produced in China are now supplied to domestic users, and are therefore afforded some protection from the global downturn. However, many of these users are themselves producing goods for export, so the sector has not been immune. The encouraging news is that many segments are by their nature likely to be resilient in a downturn. Agro-chemicals is one such area, where China now leads the world in the production of herbicides and pesticides. China is emerging as a producer of many other specialty chemical products, including acids, dyes and engineering plastics.
Chemicals in China
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This publication looks at the recent development of China's chemical industry and these different segments are being affected by the slowdown. It also includes case study interviews with several executives at leading chemical companies operating in China. 

 

 
 

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