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Investing in China
Dai Yu, General Manager Base Chemicals for the Asia Pacific/Middle East region, outlined the opportunities - as well as the challenges - of investing in China when he spoke at the 3rd Asia Aromatics & Derivatives Conference.
Within a few years, China will almost certainly become the world’s largest consumer of petrochemicals. It is already the key export focus for producers in Asia Pacific and the Middle East, and what happens in China will have an increasing impact on global petrochemicals markets.
In response to this burgeoning petrochemicals demand, China is implementing a significant expansion of domestic production capacity while also encouraging an increasing level of participation from international companies by liberalising business rules and opening up its markets. Together, these measures are creating a business climate and business conditions that are much more conducive to foreign investment. However, there are still considerable challenges to be faced by foreign companies investing in China, as Dai Yu outlines in his insightful speech.
