Big changes are taking place in China, but will those changes have any impact on the decision of U.S. manufacturers to leave that country or to continue to operate there? That was the question asked by Plastics Today reporter, Clare Goldsberry. Clare recently interviewed Mark Bonifacio to gain insight on this burning question.
One of the recent changes that may have some impact on China’s global market participation is the election of Xi Jinping as President and Chairman of the Communist Party for life, following in Mao’s footsteps. “It was a high likelihood that this would take place,” said Bonifacio. “More than anything, I think he’s trying to avoid a vote that might show any weaknesses in his governing. I think that, in the short term, this will have very little impact on the manufacturing landscape.”