China’s chemical industry: Moving towards basic research
China has released its new Five-Year Plan, which provides a road map for national development from 2016 to 2020, and the plan includes aspirations for the nation’s chemical industry.
Although there are few details provided on exactly what steps China will take in pursuit of its aims, the country hopes to become a great chemical power by focusing on innovation.
This white paper highlights some of China’s goals for its chemical industry, including:
- Improving local innovation in new chemical materials, new energy, modern coal chemicals, environmental protection and producer services.
- Upgrading traditional chemical industries through improvements in marketing and ecommerce, while also eliminating some enterprises not meeting conservation and emissions standards.
- Consolidating chemical assets into existing chemical parks and improving facilities.
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