TITLE

China capitalizes on crisis

PUB. DATE
July 2007
SOURCE
ICIS Chemical Business Americas;7/2/2007, Vol. 272 Issue 1, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of Asian financial crisis on China's petrochemical position. While China and Southeast Asian countries such as Indonesia and Thailand were mentioned in the same breath before the crisis, project delays and cancellations during the recession enabled China to steam ahead. However, chemical 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 gross domestic product growth of 9-10%/year, compared with 4-5%/year for Southeast Asia.
ACCESSION #
26357878

 

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