High growth forecasted for China glass market

After its downturn in 2006, China glass industry turned to the better in 2007 and the relationship of supply and demand improved significantly. The prosperity of glass industry in 2007 continued in the first half of 2008, with a fast growth rate. Production capacity kept increasing but the competition became fiercer. The market has grown saturated and the grow rate slows down. It is still the main pressure of fast growing production capacity on glass market, according to an Oct. 28 Market Watch report.