31 May 2012 17:48 [Source: ICIS news]
“The region is becoming more vulnerable,” Brudermuller said in an interview with German daily Frankfurter Allgemeine Zeitung. BASF provided a transcript.
Brudermuller pointed in particular to
“The political paralysis [in
“The struggle over
There are very intensive discussions being held in
“For investors, the times when a project was unanimously rubber-stamped by politicians are over,” he said.
“Businesses are also increasingly having to face up to public scrutiny, which I welcome,” he added.
“Personally, I’m convinced that China is now so firmly anchored in the global economy that it must remain on the path towards greater openness,” he said.
Meanwhile, the eurozone sovereign debt crisis is also having an impact on
BASF’s sales in the Asia-Pacific region fell by 5% year on year in the first three months of the year, albeit in comparison with an exceptionally strong first quarter in 2011, Brudermuller said.
However, south-east Asian countries continue to perform well, he said.
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