The 2nd quarter 2018 showed a 6.7 percent YTY increase. It was the weakest pace of GDP in China since the 3rd quarter of 2016, a consequence of the tariff fight with the US.
GDP Annual Growth Rate in China reached more than 9 percent from 1990 until 2018 every year, high at 15 percent in the 1st quarter 1993, low at 4 percent in the 4th quarter of 1990.
For any detailed questions and know-how related to the Chinese Chemical market, please do not hesitate to contact the Petrex team in Kempen and Shanghai.
China is in its fifth year of a “war on pollution,” which aims to reverse the damage to the country’s environment since the economy opened in 1978. In recent years, China has stepped up its efforts to combat high levels of pollution and invested around RMB 3.7 trillion. More than half of the funds were reserved for combating water pollution. Useful water is scarce, and more than half of Chinese cities suffer from water scarcity, especially in the dry northern regions. In addition, these water resources are unequally distributed in provinces and regions. Therefore, efforts to reverse the state of its heavy water pollution are increasing the demand for high quality wastewater treatment technologies. Another part of the “Pollution Action Plan” is to reduce the coal consumption and close outdated steel over the years. It will also cover the heavily industrialised Provinces and measures are taken to combat even smaller sources of pollution. In addition, companies that violate the regulations will shut off water, electricity and raw materials. Further plans are to set annual production and sales for new energy vehicles of up to 2 million a year, to reduce emissions.
Ningxia Hui Autonomous Region (NHAR), is an autonomous region located in the northwest part of the country. With an area of around 66,400 square kilometres the province is bordered by Shaanxi to the east, Gansu to the south and west, and Inner Mongolia Autonomous Region to the north. Yinchuan is the provincial capital. The Ningxia Hui Autonomous Region, which is called Ning for short. This mostly desert region lies partially on the Loess Plateau and in the vast plain of the Yellow River, and features the Great Wall of China along its northeastern boundary. The highest point is 3,556 meters above sea level. Ningxia is rich in mineral resources, including coal, gypsum, oil, natural gas, pottery clay, quartz sandstone, and barite. Temperatures range from an annual average maximum of 27 °C to minimum of −14 °C.Due to the warmer temperatures the best time for traveling is from May to September. Winter athletes will find their favorite weather conditions from December to January.
Beginning on the fifth day of the fifth lunar month people of several ethnic groups throughout China and the world celebrate the Dragon Boat festival on June 18.
Especially in the middle and lower areas of the Yangtze River. The festivities vary from region to region, but they usually share several features. A memorial ceremony offering sacrifices to a local hero is combined with sporting events such as dragon races, dragon boating and willow shooting.
The hero who is celebrated varies by region. The romantic poet Qu Yuan is venerated in Hubei and Hunan Provinces, Wu Zixu (an old man said to have died while slaying a dragon in Guizhou Province) in South China. And Yan Hongwo in Yunnan Province among the Dai community.
Bonds and relationships
Participants also ward off evil during the festival by bathing in flower-scented water, wearing five-color silk, hanging plants such as moxa and calamus over their doors and pasting paper cut-outs in their windows. The Dragon Boat festival strengthens bonds within families and establishes a harmonious relationship between humanity and nature. It also encourages the expression of imagination, creativity and contributing to a vivid sense of cultural identity.
Enjoy a happy Dragon Boat Festival!
CPhI China is the leading pharmaceutical ingredients show in wider Asian – Pacific region. It brings together over 40,000+ professionals from 120 countries worldwide. Co-located with ICSE, Innopack, P-Mec, NEX, FDF, P-Logi, EP & Clean Tech, BioPh and Lab World it is the most comprehensive, pure pharma indudstry focused event. Whether you are looking to purchase ingredients or strengthen your business partnership with suppliers, don´t miss the Chance to join CPhI China from June 20 – 22, 2018 at the Shanghai New Int’l Expo Centre (SNIEC), Shanghai, China.
Petrex Sales Team will attend the show and we are looking forward to meeting you at the CPhI Shanghai.
The tulips started living again, started blossoming, the spring love alive again.
Petrex is a German-Dutch-English-Chinese group and we love the difference in colours and people.
And the business with you – thank you for your trust in our organization.
Enjoy a happy awakening, and blushing in the springtime.
Petrex GmbH * Petrex (Shanghai) Co. Ltd. * Petrex (London) Ltd. * VationPharma B.V.
The economy in China has gained a strong start into 2018. The 2nd largest economy country in the world grew 6.8% in the first quarter of the year from the same period in 2017.
It seems that the potential trade war between the United States and China has not appeared yet. China’s Q1 growth fit to the 2nd semester in 2017. Economy grew 6.9 percent in 2017. For 2018 the planning is at 6.5%, so China is on track.
Increasing costs and a decreasing supply of the raw materials keep the price level of Titanium Dioxide (TiO2) rising in China. The producers are considering to announce new price increase because it is high season and the whole TiO2 industry is in tight supply. In April the market will clarify the range of new prices and grant an outlook to the 2nd half 2018. We expect an step of USD 50 to 100 per MT.
For any detailed queries please kindly contact Petrex teams in Kempen and Shanghai.
The Qingming Ming Festival, known as Tomb-Sweeping Day is a traditional Chinese festival on the 1st day of the 5th solar term of the lunisolar calendar. The Chinese Qingming Festival in 2018 will be from April 5. The holidays in China starts from April 5 to 7, 2018. It is a time of many activities, among which the main topics are tomb sweeping, taking a spring outing, and flying kites.
Petrex Garden Kempen March 2018