May 2009

Trends and Resources

HP Impact: HPImpact: China: New domestic capacity to shrink some petrochem imports

After 17 years of continuous strong growth, China has become the world's third largest economic power and the country's economy has been more integrated into the global economy than ever in its histor..

Weirauch, Wendy, Hydrocarbon Processing Staff

After 17 years of continuous strong growth, China has become the world's third largest economic power and the country's economy has been more integrated into the global economy than ever in its history. However, the recent economic crisis in the West is impacting certain industrial sectors in that nation by a very large magnitude, according to Paul Pang, managing director of CMAI China. Speaking at the company's recent World Petrochemical Conference, he presented his analysis of the state of China's general economy and import/export outlook. As demand from overseas consumers turned weak early last year, export-oriented manufacturing industries such as textiles, toys, electronics and home a

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