The global economic crisis is hitting home and in some cases, hitting hard. A number of project delays are thought to be in the pipeline in China, as the gas companies and their clients feel the pinch.
So what’s going on with the local gas companies as 2009 unfolds?
With the statement from the President Hu Jin Tao that China would endeavor to maintain a GDP growth of 8% and increase government spending to approx. $586.5bn, will the industrial gas sector be relieved?
Under the influence of the global financial situation, the major ASU manufacturers in China are facing harsh market situations. China now has more than 18 ASU manufacturers, large and small, and with the drastic drop in market demand, these equipment manufacturers have to find their way to survive until the economic situation returns to a healthy status.
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