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In this financial crisis, although China's economy is inevitably affected and affected, compared to developed countries in Europe and the United States and other developing countries, China's impact is still relatively small, and the entire chemical industry has the following development opportunities.
First, the overall environment for the development of China's domestic chemical industry is relatively good and the product market has great potential. For a long time, the Chinese government has been actively encouraging and supporting the chemical industry, making China a big country in chemical industry production and a big consumer country. The demand for various major chemical products will maintain a rapid and steady upward trend, especially in The demand for high-tech materials and specialty chemicals will continue to increase rapidly with the improvement of domestic industrial structure and people's living standards. All of these factors provide tremendous space for the development of China's chemical industry.
Second, the policy of stimulating domestic demand has opened up new markets for the chemical industry. Recently, with the promulgation of a series of new national policies and measures, especially the promotion of consumption, the acceleration of new rural construction, the initiation of a new round of agricultural reforms, and the promotion of China’s rural economic development, it will greatly expand China’s demand. The chemical industry has opened up new market development space.
Third, the globalization of the chemical industry has created conditions for the international operation of China's chemical industry. The process of global economic integration has made the chemical industry no longer a regional concept. The development of large multinational companies has further promoted the modern chemical industry. Globalization, the current world chemical industry has continuously strengthened its production division. Domestic trade has increased year by year. Global mergers and acquisitions of companies have continued to emerge. The forms of international cooperation have become more diversified. The procurement of raw materials and the expansion of product sales channels have broadened overseas markets for China Chemical Industry. Participation in international competition provides favorable conditions and a broad arena.
Fourth, the possibility of the introduction of technology has further increased. With the continuous emergence of new scientific research results in the Chinese chemical industry, the continuous improvement in the level of production, the continuous enhancement of the competitiveness of enterprises, and the continuous expansion of the market share of products, foreign new technologies to China. The transfer also began to show growth.
Fifth, the drop in raw material prices has created favorable conditions for production and investment in fixed assets. In the context of a weak global economy, international oil prices have continued to dip. Not only that, prices of chemical raw materials, steel and cement at home and abroad have also continued to fall. The decline in raw material prices has created a good investment in the chemical industry and investment in fixed assets to reduce costs. conditions of.
The world financial crisis has not changed the fundamentals of China's economy. China is a large country with a population of 1.3 billion. It has a broad internal demand and huge market potential. It can overcome the difficulties brought about by the crisis by expanding domestic demand. It can respond effectively and the challenges can change. For the opportunity.
Financial Crisis Causes Demand Decline China Chemical Industry Becomes Challenge Opportunity
In addition to the global decline in global demand caused by the global financial crisis and the deterioration of the financing environment, the Chinese chemical industry will face more challenges for a long time to come. However, China Chemical still has some Major development opportunities.