WebMay 12, 2024 · It is a Made in China 2025 key industry, but stalled capacity cooperation operations abroad and an uninspired domestic production strategy are likely to leave this sector mired in overcapacity. ... The plan is to upgrade basic materials in advanced iron and steel, advanced non-ferrous metals, advanced petrochemicals, advanced light industry ... WebJul 28, 2024 · Posted on July 28, 2024. by Vera Sandarova. China’s lubricants market is projected to increase at more than 1% CAGR until 2025, with gains caused by growth in premium lubricants as the country modernizes at a breakneck pace. The finished lubricants demand growth in the country has traditionally followed GDP growth.
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