China Ascends

The steady growth of China’s chemical industry carried on through global recession putting it firmly atop the global chemical rankings in 2010 (table). China’s chemical shipments last year totalled about $900 billion in 2010, and the U.S. trailed in second at $720 billion. The gap will continue to widen with China’s chemical industry on pace to surpass a staggering $1 trillion this year or next. The march has been astonishing, considering that in 1998 China’s chemical industry was about the same size as...

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