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China to experience engineering plastics boom in next five years

from China Economic Net

China's National Development and Reform Commission and the Ministry of Industry and Information Technology explicitly mentioned engineering plastics as a key strategic emerging industry. In the next four or five years, demands for engineering plastics are expected to grow at a rate of more than 10 percent. Globally, 42 percent of engineering plastics are used in the automobile industry, whereas in China, that number is currently only around 10 percent. more

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