The huge opportunities in the Chinese plastics market attract international attention

The output of plastics processing machinery ranks first in the world, the output of synthetic resin ranks second in the world, and the apparent consumption of plastic accounts for one-fifth of the world. China is becoming an extremely important part of the global “plastic value chain”. Huge business opportunities have also attracted the attention of international peers.
This is information from the 22nd China International Plastics and Rubber Industry Exhibition held in Shanghai.
Liao Authentician of the China Plastics Processing Industry Association stated that with the steady and healthy development of the national economy, China's plastics industry has achieved steady and substantial increases in economic and technical indicators for ten consecutive years. The total output value ranks third in the light industry and exports ranks fifth. Become one of the important pillar industries of the national economy.
Dr. Hong Dingyi, deputy director of the Science and Technology Committee of China Petroleum & Chemical Corporation, said that the “plastic value chain” comprised of synthetic resin manufacturers, synthetic resin distributors, plastic press manufacturers, plastic processing companies, plastic product distributors and end users, Has a huge amount of sales. In this value chain, China has the same important position as the United States. In 2007, sales of China's top five general-purpose synthetic resins exceeded 300 billion yuan, and sales of plastic products approached 600 billion yuan.
The important position in the global "plastic value chain" has attracted China's attention to the international industry. The 2008 International Plastics and Rubber Exhibition held in Beijing attracted more than 1,700 domestic and overseas suppliers. Industry giants have appeared. Austria, Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, China Taiwan and other countries and regions also formed a pavilion to come to Shanghai to find business opportunities.
Zhu Yulun, chairman of Yale Exhibition Service Co., Ltd., one of the organizers of the exhibition, stated that the 22nd China International Rubber and Plastics Exhibition has been held so far, ranking first in Asia and third in the world in similar exhibitions. This year's exhibition takes the theme of “Integrating Life and Accomplishing Business Opportunities” to reflect the wider application of plastics and rubber in various fields of daily life.

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