The China Challenge

Chemical makers worldwide are looking to China to help raise their revenues and drive recovery from recession. China continues to pursue policies to increase domestic demand, sustain economic growth, and transform its economy ( p. 22). That is good news for chemicals demand. Sinopec, now the world’s fifth largest chemical maker by revenue, reported last month that its ethylene production reached 4.2 million m.t., an increase of 41.3% compared with the same period last year. Sinopec is now about as big in ethylene as ExxonMobil and Sabic, which each have...

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