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