Disperse black ECT 300% price rises steadily, the chemical raw materials to a new high!

The Communist Party of China has just concluded its 19th National Congress in Beijing. In the runup to the meeting, China Daily asked business leaders from major multinational companies for their views on economic developments here and the country's global leadership role.

Delegates attend the closing session of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing on Tuesday. [Photo/Xinhua]

We live in times of great social and economic transformation. In fact, we witness an unprecedented trend toward urbanization. According to the United Nation, by 2050 one quarter of the world's largest cities will be in China.

We believe sustainability is essential to preserve our planet, and improve the quality of life for millions. Therefore, innovative solutions are needed to create an urban environment which allows for more sustainable living.

The chemical industry plays an essential role in sustainable urbanization and helps to improve living standards. In the 13th Five-Year Plan (2016-20) and Made in China 2025 strategy, there is a vision for an innovation-driven economy. That is to be a world-leading material solution provider.

While China has produced innovative business models, the country still lags behind in (some) science and materials-based innovation. This requires original inventions or engineering breakthroughs.