Capital Spending Slowdown in China Expected to Offset Modest Gains in Other Regions
Capital Spending Slowdown in China Expected to Offset Modest Gains in Other Regions
Attachment: Capex-Egan0220, US-OGprocess0220
SUGAR LAND--February 24, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--An expected slowdown in capital spending in China this year likely will offset modest gains in North America, Europe, South America, Mexico and Western Asia, Michael Bergen, Industrial Info's executive vice president, said in a recent webcast. China's capital expenditures (capex) across all industries are expected to fall about 8.9%, or $47 billion, this year to roughly $485 billion.
Within this article: Details on how project spending could fare in each of the world's major regions in 2020, particularly for the energy-related industries.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Ukraine to Buy Nuclear Reactors from Bulgaria this Summer
- Lopsided Gains in Renewable Energy, IRENA Finds
- New York Sees Record Solar, Wind Generation as Another Offshore Windfarm Ga...
- Palisades Nuclear Restart, CPS Energy Purchase: Your Daily Energy News
- Global Market for Small Nuclear Projects Rockets