David Savastano, Editor09.20.17
China continued to enjoy economic growth in 2016, although the increase slowed during the past year. The World Bank reported that China’s gross domestic product (GDP) was $11.20 trillion in 2016, a slight increase from $11.06 trillion is 2015,with China’s GDP approximately 18% of global GDP.
Estimated at $160 billion, China’s printing industry is big business, as is its ink industry. Ink World estimates annual sales of ink in China at more than $1.5 billion. While offset and gravure remain the leading processes, flexo and digital printing are growing.
Domestic and multinational ink manufacturers play major roles in China’s ink industry. With $205 million in sales in 2016, Bauhinia Variegata Ink & Chemicals, a subsidiary of Yip’s Chemical, is China’s largest domestic ink producer and the 13th largest global ink manufacturer in the world, according to Ink World’s Top International Ink Companies report (July/August 2017). Despite the slo
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