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Chemical Week Magazine :: Viewpoint

China’s Next Olympian Task

10:52 AM MDT | September 8, 2008 | Robert Westervelt Robw@Chemweek.Com

With the Beijing Olympics over attention now turns to whether China can sustain economic and industrial growth, one of the critical pillars of chemical industry strength in recent years. China’s chemical shipments totaled $388 billion in 2007, or roughly quadruple its 2000 level, ACC data shows. The incremental revenue growth of the Chinese chemical industry since 2000 now exceeds revenues of the entire Japanese chemical industry, which was the industry’s second-largest producer after the U.S. until China took that spot in 2005. A new group of...

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