The Chinese Government's Efforts to Reorient the Economy Has Unintended Consequences

The Chinese Government’s Efforts to Reorient the Economy Has Unintended Consequences

The government’s efforts to reorient China’s economy from export- and investment-driven growth to consumption- and services-driven growth is proving difficult to manage, creating upheaval in the all-important infrastructure and housing market. This may have caused a contraction in Chinese lubricant consumption in 2012. This is a unique event for the lubricants industry. What caused this contraction? Can we see more of it in the future? These are important questions not only because of the Chinese lubricant market size and growth, but also because of its impact on other markets around the world.Continue reading