Are agrochemicals in China somewhat insulated from global macroeconomics?
Compared to other industries like steel and construction, we will not be affected that much. The two sectors that will always have demand are agriculture and pharmaceuticals. People will always need food to eat and medicine when they get sick. What advice do you give to your members right now to help them prosper? Our members should focus more on the domestic market because agriculture is the foundation of China and a staple to keep the society stable. There are five key things that will keep our industry stable: 1) Better technology, such as more usage of greenhouses for four-season food production. Pest incidences also will rise (with the temperature of soil in greenhouses and shorter periods of dormancy). This creates more opportunity for insecticide producers as incidences rise. 2) Food structures are changing. In the past, people generally relied on food from rice and wheat. Now people require more vegetables, and the pesticides required for these foods are more intense than those
