China is emerging as an engineering powerhouse and has great potential to produce top-notch engineering solutions that will make significant impact globally, said Lord John Browne, Chairman of the Trustees of the Queen Elizabeth Prize for Engineering, a global engineering prize launched in the UK in 2011. "China's market is one great push factor for China's engineering sector growth."
Currently there are 13,246 plastic processing enterprises in China with sales of 20 million yuan or more. 57,818,600 tons of plastic products were produced, an increase of 8.99 percent from the same period a year ago. Some 13,821,600 tons of plastic products were exported, valued at about $49 billion. Engineering plastics consumption will rise to more than 3 million tons this year, with about half of that imported. PBT consumption, frequently used in China's electronics manufacturing sector, is increasing the fastest.
Along with rapid development of economy and rising requirement for automobiles, the transportation industry in China is developing in a high speed, while some environment pollution and energy shortage problems occur at the same time. Many Chinese car manufacturers that greatly value engineering have all established R&D centers overseas to make use of the best talents globally. For example, Chang'an Automotive has an R&D center at the University of Nottingham, and SAIC Motor has a R&D center in Birmingham, created through its acquisition of the UK's MG car brand.
