CHINA ACCELERATING COATINGS R&D TO REDUCE RELIANCE ON FOREIGN PLAYERS
March 1st, 2017
THE CHINESE coatings market has been dominated by foreign suppliers, especially in higher end and high-tech market segments, but this might well be changing gradually, as the country steps up its coatings research and development (R&D) efforts.
This new push reflects the national government’s shift in economic policy away from focusing on exports and wanting to generate an economy more based on domestic consumption. As a result, the government wants to develop more China-based knowhow, create a more qualified labour market, and, last but not least, protect ...
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