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Article: Chinese firms say local markets picking up.(News)
- Article from:
- Plastics News
- Article date:
- August 17, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Toloken
While manufacturers around the world search for signs of economic recovery, China's domestic plastics industry appears to be picking up steam, spurred on by the government's large infrastructure stimulus spending.
Several of the country's largest plastics firms say their domestic business is returning to levels before the crisis, and one projection said the industry will resume overall double-digit growth in the second half of this year.
Any possible recovery could be uneven and fragile, however, because of continued severe overcapacity in manufacturing companies and struggles in the China's export sector, particularly in ...