David Savastano, Editor09.21.18
With the world’s second-largest gross domestic product (GDP), China is a global economic power. According to the World Bank, China’s GDP was $12.24 trillion in 2017, a nearly 9% increase from $11.20 trillion is 2016. With a population of 1.38 billion or approximately 20% of the total population in the world, China is the largest nation.
China’s printing industry has been estimated at $160 billion. Offset and gravure printing still remain the most common processes, but flexo is making headway.
To meet demand, Chinese printers need a lot of ink, and the Chinese ink industry has grown tremendously in recent years. Ink World estimates annual ink sales in China exceeding $1.5 billion, with a mix of domestic and international ink manufacturers supplying printers.
On the domestic side, Bauhinia Variegata Ink & Chemicals, a subsidiary of Yip’s Chemical, is China’s largest ink producer and the 14th largest global ink manufacturer in the world, wi
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