China was the “saviour “of the global economy after the financial Crisis of 2008. Its massive stimulus was worth over $10tn from 2009 to 2014 – half of the total amount.
But now China’s new leadership has changed course, and has introduced its New Normal policies. As a result, its economy is slowing, and its days of being a major importer of chemicals are coming to an end.
The new issue of the quarterly pH Report highlights the importance of the changes underway:
- President Xi is pressing on with his reform package
- Tackling pollution and corruption have become major policy themes
- In ground-breaking analysis, we highlight how new car sales are slowing fast, as China develops a used car market for the first time in its history
- We highlight the impact of the slowdown on global markets, and identify the new strategies needed for future success
I would be delighted if you could join us for a free webinar on Tuesday 30th June to discuss these key issues for the global economy and the chemical industry. As usual, this will include a Q&A to enable discussion of the critical questions for your business and investments.
I hope you will be able to join the webinar, and look forward to the discussion.