Abstract
After a monthlong national lockdown to fight the COVID-19 epidemic, China’s chemical sector is eager to get back on its feet, but the global economic slowdown caused by the spread of the novel coronavirus is delivering a second blow. As of April 2, confirmed cases of the coronavirus infection passed 850,000 worldwide. Both the US and Italy now have had more cases than China. With few new cases for weeks, China seems to have largely controlled domestic transmission. But nationwide factory closures and the nearly complete shutdown of activity in the central province of Hubei, where the epidemic was first identified, have significantly dented China’s chemical industry. According to data released March 27 by the National Bureau of Statistics of China, output of the country’s industrial enterprises was down 14% in the first 2 months of 2020 from the year-earlier period, and profits slumped 39%. Chemical manufacturing was among the
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