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 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