China has long dominated Asia’s economic growth, with India close behind. Likewise, even two or three years ago, in the boardrooms of chemical companies around the world, an Asian growth strategy would focus on China, India, and nothing else.
As one of the emerging “tiger economies” of Asia, India has long enjoyed rapid growth. However, the global downturn left its mark on India’s economic progress.
“Slow but steady wins the race” might not be the official motto of Chinese policy makers, but it reflects a prudent, sustainable long-term perspective that the county’s economic policies appear to support.
The European chemical industry began its recovery from the global downturn, however significant challenges remain elusive.
Chemical companies are developing new enterprise-wide operating models to help them streamline decision making,