US benefits from prosperity of Chinese businesses: Dow CEO Andrew Liveris

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Xinhua, Chicago :
The United States and China have become important partners in trade and many other areas, “success for one means opportunity for the other,” said Dow Chairman and CEO Andrew Liveris.
“Most importantly, the U.S. benefits when the Chinese people thrive – for they provide not only an important market for American products, but also an enormous talent base that will help drive humanity forward,” Liveris said in an interview with Xinhua recently.
“It is in everyone’s interest to promote a constructive engagement between China and the U.S. that focuses on removing the barriers to fair and reciprocal market access in each other’s economies.” It is the relationship between China and the United States which Liveris said he has hoped for.
Established in 1897, the Dow Chemical Company did not become an electrochemical pioneer in one day. In the process of growing from a one-product start-up into an innovation powerhouse, Dow has continuously reinvented and transformed itself for the opportunities of each era.
Dow realized a sales volume of 48 billion dollars in 2016, ranking in the 187th place among the world’s top 500 companies.
Dow entered China in the 1930s.
Liveris made his first trip to China 40 years ago for one of his first jobs at Dow. Now he travels to China several times a year.
“I was lucky to have a front-row seat thirty years ago when Deng Xiaoping opened China to the world. And in the decades since, I have had the privilege of watching – and even better, participating – as China’s rise has transformed not only China, but the rest of the global economy,” Liveris told Xinhua.
“I am not exaggerating when I say that China surprises me every time I return. China has tremendous business assets and extremely talented and innovation-minded people that are enabling the vast growth it has seen in recent decades,” he said.
Liveris is right in his words: China now presents the second largest overseas market for Dow, with sales volume growing 10 percent in 2016 from 2015.
Talking of China’s economic transition, Liveris said China’s adjusted 6.5-percent GDP growth rate for the next five years reflects the Chinese government’s determination to improve the quality of growth as well as to ensure a sustainable growth.
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