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December 15, 2006
By: Tim Wright
The growth of China’s economy in recent years has been astonishing. With a present gross domestic product of $1.565 trillion, China is the seventh-largest economy in the world, and its expansion is the key driver for businesses worldwide. The Chinese coatings industry is fully enjoying its own growth. Industry experts place the Chinese coatings market at 3.35 million tons in 2005, compared to 1.84 million tons in 2000. That comes out to an incredible 82 percent growth, and there is no reason to expect that trend to slow down. With that in mind, it is obvious why CHINACOAT continues to enjoy excellent growth. CHINACOAT 2005, which was held in Shanghai, was attended by 21,273 visitors from 68 countries, of whom 18,933 attendees are members of China’s coatings industry. “The annual CHINACOAT show held alternately between Guangzhou and Shanghai has become an industry forum,” said Raymond Ho, director of Sinostar International. “Exhibitors and visitors will explore technologies and markets, pinpoint progress, as well as problems to identify diverse new approaches for the future. The role of CHINACOAT is to promote two-way communication between China and the rest of the world.
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