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[China Epoxy Resin Industry Online] July 6, 2004 The foreign chemical industry is currently very concerned about whether the Chinese economy can smoothly and softly land.
According to reports, judging from the current control measures of the Chinese government, the soft landing of the Chinese economy will be a success.
China’s policy issued in mid-May lists petrochemicals and building materials as targets for regulating investment industries.
This is a favorable condition for the expansion of foreign chemical products exports to China, because China’s domestic petrochemical products are in short supply.
The analysis pointed out that the production capacity of China’s petrochemical equipment in 2002 would be 5.
614 million tons if converted to ethylene, but the market demand was 14.