Milliken sanguine on nation's plastics market

China's ongoing pursuit of high-quality economic development, fueled by technology and innovation, is fostering a more enabling ecosystem for businesses and opening up massive market opportunities for global businesses seeking growth and expansion, said a senior executive.

The world's second-largest economy's growth, while no longer in double digits as it was a decade ago, continues to maintain a medium-high rate based on a high aggregate, said Cindy Boiter, executive vice-president of Milliken &Co and president of Milliken Chemical Business — a specialty chemical and performance materials company in the United States — in an exclusive interview with China Daily.

"The Chinese government has set an economic growth target of around 5 percent for 2024. In the medium term, China will continue to be a key contributor to global economic growth. The long-term fundamentals of China's economy remain intact despite pressures and challenges," Boiter said.