Reported about 1 year ago
A surge in Chinese plastic production is causing an oversupply issue due to weak domestic demand, posing a new trade challenge for the world. China's petrochemical sector is facing capacity cuts and struggling to sustain growth, which could lead to surpluses and potential exports, further fueling trade tensions. The country's plastic boom has reshaped global petrochemical dynamics, with China becoming a dominant player, despite dwindling demand and low profit margins. This industrial excess is expected to strain relations with neighboring countries and exacerbate existing trade imbalances.
Source: YAHOO