Extrusion International 1-2024-USA

30 Extrusion International 1/2024 CHINAPLAS 2024 Shaping the Future of the Plastics & Rubber Industries The year 2023 marked a turning point for China as doors reopened, revealing a multitude of opportunities and pathways. Under the resumption of normalcy, the economy grew at a rate of 5.2% in 2023, according to the National Bureau of Statistics of China. As the economy recovers, sectors such as automotive, consumer electronics, and e-commerce have regained momentum. At the same time, China's manufacturing industry is undergoing a remarkable transformation, shifting from its traditional "Made in China" reputation to embracing innovation with the concept of “Innovated in China”, gaining competitive advantage in the global market. C HINAPLAS 2024, the region’s foremost platform to promote latest market trends, breakthrough tech- nologies and innovative solutions of plastics and rub- ber industries, will be staged in Shanghai, China, from April 23-26, 2024. The new generation of information technology, new energy, bio manufacturing, commercial aero- space, and low-altitude economy are rapidly develop- ing in China. The export performance of China's “new three”– solar panels, lithium-ion batteries, and electric vehicles is particularly impressive. China’s high-tech in- dustries enjoy a growth and experience breakthrough in recent years. These developments signal a positive outlook for market demand for plastics and rubber in China, gen- erating substantial needs for high-performance plas- tics materials and technology throughout the country. This shifting landscape has magnified the importance of embracing the circular economy, digitalization and the significance of “Innovated in China”. As a flagship event of plastics and rubber industries, CHINAPLAS 2024 will make full use of all 15 exhibition halls, providing over 380,000 square meters of exhi- bition area and gathering more than 4,000 industrial leaders from all over the world. CHINAPLAS continues to drive the growth and development of the plastics and rubber industries with a full range of innovative materials and mechanical technologies that are both advanced and cost-effective. Circular economy has gained immense importance worldwide as a key strategy for addressing environ- mental challenges and fostering sustainable devel- opment. It is of great prominence in the plastics and rubber industries, which have traditionally been as- sociated with significant waste generation and envi - ronmental impact, revolutionizing their approach to production and consumption with transformative so- lutions to drive sustainability by promoting resource efficiency, waste reduction, and recycling. It encourag - es the adoption of innovative technologies for plastic CHINAPLAS 2024 provides an excellent platform for buyers who are pursuing innovative plastics and rubber solutions to enfold the accelerated industrial transformation CHINAPLAS continues to drive the growth and development of the plastics and rubber industries