Latest News:  


Dow optimistic about Chinese market despite slowdown


17:33, April 11, 2013

BEIJING, April 11 (Xinhua) -- Dow Chemical Company, the United States' largest chemical corporation, on Thursday said it remains upbeat about the Chinese market even though the country's slowdown hurt its growth in the region last year.

Peter Sykes, president of Dow Greater China, said at a press conference that the company's revenue in the region stood basically unchanged last year from the previous year.

"After a very strong growth year of 2011, we did not grow in 2012," Sykes said. The company's revenue stood at around 4.4 billion U.S. dollars last year.

This came as China's economy has slowed to a 13-year low. Data from the National Bureau of Statistics show that China's gross domestic product grew 7.8 percent last year, the slowest pace since 1999.

To some extent, it is typical that growth in emerging markets does not just move in a smooth and steady line each year, Sykes said.

"I'm still very optimistic for the future, but we have to be flexible in our thinking and adapt our strategy as the market, itself, adapts," he said.

The company will maintain close collaboration with customers, drive innovation and push more actively into new markets in China, such as the country's western and northern regions, according to Sykes.

Dow has set its sights high for the 2011-2015 period, aiming to double its 2010 sales revenue in Greater China to somewhere between 7 billion U.S. dollars and 8 billion U.S. dollars.

We Recommend:

Apple CEO apologizes over China warranties

Nokia closes its flagship store in Shanghai

The 10 most expensive houses in China

$52 million super luxury yacht

The many stories behind Apple's bite on its logo

Looking abroad for a new home

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name


Selections for you

  1. Warship in drill with helicopter

  2. French frigate open to visitors in Hong Kong

  3. People gather for immigration reform

  4. Handicraft fans annual value tops 100 million yuan

  5. Expats rank attractive Chinese cities

  6. Poultry slaughter to curb flu

  7. Charming girls in Go game world

  8. Bikini models in Shanghai Fashion Week

  9. Int'l footwear exhibition kicks off in Shanghai

  10. Job fair in Tianjin held for college graduates

Most Popular


  1. Philanthropists donate less as economy slows
  2. New media trend for Chinese language study in US
  3. Follow-up work needed for yuan's going global
  4. Boao Forum for Asia makes China, world closer
  5. Devoted to a life defending nation
  6. Errors in urbanization must be avoided
  7. What kind of public diplomacy does China need?
  8. Today's youths will prove their mettle
  9. Chinese spend less on hotels, still flash the cash
  10. Soros upbeat on China's economic transformation

What’s happening in China

Homemade submarine, deep pockets | Also See: Incredible inventions by Chinese

  1. Beijing rejects rumor of human H7N9 infection
  2. Girl burned while saving mother
  3. 1.2 mln Chinese died from air pollution in 2010
  4. Ex-convict arrested after killing spree
  5. Trash-smuggling duo jailed