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Demand for oil in China and the US is expected to continue to grow next year, Vice President of Refining and Chemicals at research firm Wood Mackenzie Alan Gelder said, "and globally, we see 3.5 percent growth for petrochemical products in 2018."
Dense smoke rises from a steel mill of Fangda Special Steel Technology after an explosion occurred, in Nanchang city, East China's Jiangxi province, May 29, 2019. [Photo/IC]
Despite severe challenges posed by COVID-19 this year, foreign firms like BMW are upbeat on the Chinese market while the country goes all out to boost work and production resumption.
Despite some fiscal challenges and rising debt levels, the government will continue to step up fiscal support, as needed, to ensure the economy doesn't slow more than policymakers can tolerate in the near term, said Wang Shengzu, co-head of Investment Strategy Group Asia at Goldman Sachs.
Deputy Secretary, Leading Party Members Group of the Ministry of Education
来源：资阳报