Despite geopolitical uncertainties, BASF intends to continue focusing on the Chinese market. The chemical company expects around 80 percent of global growth in chemical production to be generated in China by 2030, CFO Dirk Elvermann told the news agencies dpa-AFX and dpa. „As a global chemical company, we want and need to be part of this.“ Business in China currently accounts for around 15 percent of BASF’s sales, Elvermann said. The company targets around 20 percent by 2030. Elvermann considers the Chinese market to be indispensable.