AS DEMAND FOR COATINGS GROWS IN CHINA, DOMESTIC FIRMS COMPETE WITH INTERNATIONAL ONES
November 1st, 2011
BY MARK GODFREY
CHINA'S surging auto market, rising mechanisation in rural areas and continuing market growth of major Chinese white goods and PC makers such as Haier and Lenovo are all proving to bode well for coatings makers, who continue to experience the great potential of the country's burgeoning economy.
Yet, with China benefiting from a year-on-year 9.6% growth rate in the first half of this calendar year there are a few dark clouds on the horizon, which include pressures on the small-and-medium-sized enterprises (SMEs) that account for the bulk of the ...
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