Jim Ratcliffe’s Big Push Into China Is Backfiring on Ineos

The 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.