MOSCOW (MRC) -- China remains at the epicenter of the global plastics industry. Its domestic plastics and rubber sectors continue to experience stable growth, while benefiting from government support and from its location in the heart of Asia, said Worldpressonline.
Across the region, which already represents a significant percentage of the world’s GDP, a strong middle class is emerging, along with a huge appetite for consumer goods, vehicles, housing and the like. This positions the annual CHINAPLAS trade fair as the perfect platform for showcasing all that the polymer industries have to offer.
China's plastics industry has expanded tremendously in the past three decades. It even experienced steady growth during the past five years, while China's annual economic growth rate slowed to a 25-year low of 6.9% in 2015. In this "new normal", China’s economy is projected to grow at an even slower rate in the coming years. But the country’s economy remains massive, and some enterprises now see this as the right time for them to focus on enhancing productivity, efficiency and competitive advantages.
On October 20 in Dusseldorf, Germany, at the K 2016 trade fair, Mr. Stanley Chu, Chairman of Adsale Exhibition Services Ltd., organizer of CHINAPLAS, will deliver a forward-looking presentation titled “China’s Plastics Industry Development in the Coming Five Years” at the KI Group Polymer Summit. "China is now the No. 1 producer and consumer of plastic resins in the world," according to Mr. Chu. "Its continued expansion is riding not only on the general GDP growth, but on the fact that plastics, as an advanced material, is widely used and increasing its penetration into the automotive, electrical and electronics, packaging, building, and medical industries, as well as into many other hi-tech sectorsin China. This provides a favorable platform not only for further development of the plastics industry, but also for growing the scale of CHINAPLAS."
CHINAPLAS 2017, to be held next May in Guangzhou, in southern China, is expected to set a record in terms of its scale, reaching 250,000sqm of exhibition area.
Moreover, with years of development, China's plastics machinery suppliers have also geared up. In terms of volume, China has been the largest plastics machinery manufacturing country in the world for more than 10 consecutive years. Some of the country’s top brands are now actively building up their overseas plants and networks to support aggressive export drives. Chinese-made machines are very popular throughout Asia. In 2015, Vietnam, Thailand, Indonesia, India, South Korea and Malaysia were among the top 10 export markets for China’s plastics machines.
MRC