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<ul><li>China’s petrochemical companies should speed up their overseas expansions, with a focus on building up capacity to withstand fierce domestic competition and rising trade barriers, an industry group leader said.</li><li>“Internationalization has become a strategic choice for China’s petrochemical industry as it confronts global trade tensions and supply chain restructuring,” Fu Xiangsheng, vice chairman of the China Petroleum and Chemical Industry Federation, said at a press conference last week.</li><li>Fu explained that escalating geopolitical tensions, coupled with major powers’ efforts to “decouple” from China are threatening global supply chain security.</li></ul>

China’s petrochemical companies should speed up their overseas expansions, with a focus on building up capacity to withstand fierce domestic competition and rising trade barriers, an industry group leader said.“Internationalization has become a strategic choice for China’s petrochemical industry as it confronts global trade tensions and supply chain restructuring,” Fu Xiangsheng, vice chairman of the China Petroleum and Chemical Industry Federation, said at a press conference last week.Fu explained that escalating geopolitical tensions, coupled with major powers’ efforts to “decouple” from China are threatening global supply chain security.

Why Going Global Is Crucial for China’s Petrochemical Producers  

China

Hengyi Petrochemical Co., Ltd. manufactures polyester and other petrochemical products.

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Hengyi Petrochemical Co A (000703 CH)

Why Going Global Is Crucial for China’s Petrochemical Producers

China’s petrochemical companies should speed up their overseas expansions, with a focus on building up capacity to withstand fierce domestic...

Caixin Global

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