Episode 1247: Think Tank: Chemical companies need to plan now for scenario of flat or negative GDP growth in China
With some economists now forecasting a recession in China, chemicals executives should analyze th...
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Show Notes
With some economists now forecasting a recession in China, chemicals executives should analyze the possible impact on their businesses.
- China’s economy at a turning point, possibility of recession in 2025
- New government stimulus measures announced today
- Lack of domestic demand makes China reliant on export-driven growth
- Other markets increasingly resistant to Chinese exports, put up trade barriers
- Further slowing of China’s economy will increase global overcapacity pressure
- Chemical companies need to plan for scenario of stagnant China economy