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The plastic industry paving the way for rebound

26.02. 2020 | News
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The Chinese industries have been normalizing operations as the spread of the coronavirus was slowing down. Indeed, the plastics industry, among others, has to stay positive and prepare for the expected market rebound after the epidemic.

As the leading industry trade show CHINAPLAS was confirmed to be rescheduled to early August, many of the exhibitors are already planning to strengthen their presence at the upcoming show.

The official media of CHINAPLAS, CPRJ, has recently released the news about the resumption of operations and some exhibitors' responses:

A resumption rate exceeding 50%

Most provinces across China have returned to work after an extended holiday. The National Development and Reform Commission stated that in some major economic provinces such as Guangdong, Jiangsu, and Shanghai, the resumption rate of industrial enterprises above designated size exceeded 50%. 

Most provinces across China have returned to work after an extended holiday.

Large enterprises are relatively quick to resume work and production compared with small and medium-sized enterprises. Upstream industries and technology-intensive enterprises are faster than downstream industries and labor-intensive enterprises.

Meanwhile, governments at all levels have promulgated a number of policies to proactively coordinating the resumption of production and work of enterprises, ensuring the stable economic development. For instance, Beijing has introduced comprehensive financial support measures, Shanghai has set up tax reduction and exemption targets, and Guangzhou has also launched work and production resumption policies.

Full press Release at CPRJ

See you at CHINAPLAS 2020

CHINAPLAS is re-scheduled to August 3-6, 2020 to be held in the National Exhibition and Convention Center, in Hongqiao, Shanghai, PR China. Focusing on “Smart Manufacturing” , “Innovative Materials”, and “Green & Circular Solutions”, the organizer is expect to present 340,000 square meters of exhibition space, bring together 3,800+ renowned global exhibitors. Visitor pre-registration is opened and those who pre-register on and before May 22, 2020 will receive a visitor badge by mail in advance. Click here to pre-register.