A number of Japan’s major chemical companies are making moves to capture the massive market that is China. With income levels rising alongside the economic growth of this Asian powerhouse, and China’s government taking measures to stimulate domestic demand after the worst of COVID-19, consumers in China are developing an increasingly expensive taste for food products, automobiles and more. And this has the likes of Mitsubishi Chemical Corp., Asahi Kasei Corp. (TYO:3407) and AGC Inc. (TYO:5201) moving to develop closer ties with the Chinese market as they look to push their high-performance materials.
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