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Despite a pullback in the growth rate from previous years, China's economy still represents a major driver of future energy demand, according to a longtime energy industry participant.
Deployment of both high-end and mass market products will be the dual focal points for South Korean cosmetics company Amorepacific in China, a country representing one-fifth of the firm's total revenue and among its fastest growing markets, according to Charles Kao, president of the company's operations in China.
Despite the "cyclical rise" of consumer prices, the industrial sector, which still faces slowdown pressure, was the major reason for the economic cooling in the third quarter, said Xu Xianchun, a former deputy director at the National Bureau of Statistics.
Deputy Prime Minister Datuk Seri Zahid Hamidi seen leaving the solidarity rally, file photo. [Photo/VCG]
Despite a slowing economy, consultancy McKinsey & Co said in a recent report that China remains the most important growth market for global chemical companies. The country will be a major importer of commodity chemicals over the next decade, while international companies can provide the sophisticated products needed for the next stages of China's economic development, it said.
来源：资阳报