The impact of the economic crisis on coal chemical industry
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Let’s discuss when the effects of the economic crisis will improve
Some economists predict a recovery in the second half of 2009, with levels returning to over 80% by the end of 2010.
Be optimistic – at least one and a half to two years!
Economic problems that have accumulated over so many years are difficult to resolve in a short time; China has taken this into account.
Our company originally had two projects; due to this crisis, one of them was halted. The other is currently in the installation phase and will come online in the second half of the year. A group of new employees hired in the first half of last year have been unable to work as the factory remained shut down for long periods, suffering greatly as a result – in fact, most of them were laid off... However, once the situation improves, I believe that the coal chemical industry will thrive again. So, it’s important to be patient, keep learning and gaining experience, waiting for better times to arrive :)
There are many uncertainties at the moment, and the world economy has not yet reached its bottom; it is estimated that there will be a noticeable improvement around October in the second half of the year. However, there are also unforeseen factors, such as Obama suddenly attacking Iran or Afghanistan, or China first using diplomacy and then force to reclaim the South China Sea, **etc.
The economic crisis also has a significant impact on the employment prospects of students majoring in coal chemical engineering. Companies that were previously doing well are now operating at reduced capacity; projects that should have been initiated are delayed, and demand for such products is decreasing. As a result, the demand for recent graduates becomes even lower.
It’s likely to be in the second half of this year! ! !
Our company originally had several projects under development; the preliminary work for all of them was almost completed. Due to this crisis, those projects were put on hold. Currently, only one project is in the installation phase, and it won’t start operating until the second half of the year. Some of the new employees hired in the first half of last year have already taken time off to return home. However, I believe that a rainbow will appear after the storm; I believe that the coal chemical industry will thrive again. For now, it’s important to be patient, learn, accumulate experience, and improve oneself in order to embrace the next opportunity!