Billionaire Ratcliffe’s Push Into China Is Backfiring on Ineos
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The saying goes that if you can’t beat them, join them. But for billionaire Jim Ratcliffe and his bet on China’s chemicals sector, that hasn’t been working out. While he’s blamed cheap Chinese imports for some of the troubles facing his Ineos group and other European chemicals producers, his bid to profit from the Asian market’s expansion faces deeper issues and is adding to his woes.