Business: China Syndrome

Problems in petrochemicals

Since the new opening of China three years ago, Western businessmen have faced a Great Wall of ignorance about that country's industries. Even some government ministers did not have a firm grasp on the situation inside the country. Last July, when economic figures were released for the first time in nearly 25 years, Chinese government officials admitted privately that some of the numbers came from declassified reports of the U.S. Central Intelligence Agency.

Now the most detailed and comprehensive work ever done on a major segment of the Chinese economy has...

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