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Chemical Week Magazine :: Companies

China: From Stimulus to Recovery

8:20 AM MDT | October 9, 2009 | Vincent Valk

Changing Gears in a Growth Market While it has not been immune to the global recession, China has continued to enjoy growth that would be the envy of any Western economy, posting a 7.1% GDP gain during the first half of 2009. The Chinese chemicals sector, which saw $688.6 billion in sales in 2007, is estimated to see that figure grow to $928.9 billion for 2008, according to SRI Consulting (Menlo Park, CA). As Western economies settle in for what is looking like tepid recovery, China is bound to continue to attract interest from the global industry, sources say...

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