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China's coal-based chemicals are a trade-off

Often called a "pillar" of the Chinese economy, textile manufacturing rises from a foundation that is not entirely within the country's control chemical feedstocks. China's major resource advantage is inexpensive skilled labor, not raw materials, and it must procure huge volumes of chemical intermediates abroad because it has too little petroleum and natural gas to make them at home.

 © Rex FeaturesChina does, however, have some of the largest coal reserves in the world.



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Insight

INSIGHT: China's long-term growth is far from certain
"There are no guarantees that history will repeat itself." more

VIDEO - ICIS Asia Lunchtime Bulletin 7 February 2012

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