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Article: Asian Investors Look Long Term: Opportunities from Devaluation.(chemical companies investing in China)
- Article from:
- Chemical Week
- Article date:
- September 2, 1998
- Author:
CopyrightCOPYRIGHT 1998 Access Intelligence, LLC. 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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Although chemical companies in Asia/Pacific are still being battered by aftershocks from the economic crisis, they have not lost sight of the fact that China is still potentially a very good place to invest. While a number of joint venture projects have been canceled or postponed because of financing problems, Asian companies remain committed to investing in China in the long term. If the renminbi is devalued, new investment opportunities for Asian companies will arise sooner than expected.
For Asian chemical companies with global ambitions, China represents a nearby location with great potential for investments. When considering where in Asia to direct their ...
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