Oct 08, 2023
In September and October, there are two major events taking place in Hangzhou. The 19th Asian Games will be held from September 23 to October 8, 2023, followed by the 4th Asian Para Games from October 22 to October 28, 2023.
The venues for the Hangzhou Asian Games are distributed across six cities in Zhejiang, namely Hangzhou, Ningbo, Wenzhou, Jinhua, Shaoxing, and Huzhou.
Zhejiang is a major hub for the chemical fiber industry. The polyester sector was significantly impacted by the policies because of the 2016 G20 Summit in Hangzhou. Therefore, market insiders have made some predictions regarding the impact of the Asian Games on the chemical fiber industry chain.
As of now, less than three weeks before the opening ceremony, CCFGroup has inquired about the impact of the Asian Games on people involved in the chemical fiber industry chain. The results showed that the relatively clear impact is mainly concentrated in the Hangzhou area, while no news has been heard from other regions.