China’s Economy
On the surface, what appears to be continuing is the
automotive coatings area. Whether or not the Chinese
slowdown will impact on the automotive production area
is yet to be decided. Different products that come under
automotive paints include clearcoats and touch-up paints,
pretreatment chemicals, intermediate coats, electrodeposi-
tion primers, and solid and metallic top coats. Automotive
paints are required for metal, plastic exterior paint and for
interior coating. Coatings that are used in auto paints in-
clude electrocoats, primers, powder coatings, basecoats, and
clearcoats. Some of the major companies that deal in auto
paints include DuPont, PPG, Nippon Paints, Kansai Nerolac
Paints, BASF, AkzoNobel, KCC and Guangdong Yin Fan
Chemistry Co. Ltd. In other words, there is a huge invest-
ment by both foreign and local businesses inside China.
This author believes that the Chinese economy will eventually weather the current global downturn if its leaders choose
wisely and implement true economic measures that are not just
band aid fixes. There is reason to be concerned about China
becoming the number one importer of foreign oil and what that
might mean to the rest of the world. For certain, the economic
and social reforms that have started in China must continue
if China is to survive long term and overtake the U.S. economy. Until the bulk of its huge population enjoy the benefits of
China’s remarkable growth over the past 30 years there is genuine concern about its long term stability. CW
“This author believes that the Chinese economy will eventually
weather the current global downturn if its leaders choose wisely
and implment true economic measures that are not just band
aid fixes.”
