The cost of corrosion in China

Economics: What corrosion cost China in 2014 It is estimated that the effects of corrosion in China cost approximately $310 billion USD in 2014. Corrosion is a costly issue, justifying substantial expenditure into techniques to protect and mitigate susceptible metals from its effects, and research i...

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Autores principales:	Baorong Hou, Xiaogang Li, Xiumin Ma, Cuiwei Du, Dawei Zhang, Meng Zheng, Weichen Xu, Dongzhu Lu, Fubin Ma
Formato:	article
Lenguaje:	EN
Publicado:	Nature Portfolio 2017
Materias:	Materials of engineering and construction. Mechanics of materials TA401-492
Acceso en línea:	https://doaj.org/article/f284d8e39a434f37bf3a8bb02e240e0e
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spelling	oai:doaj.org-article:f284d8e39a434f37bf3a8bb02e240e0e2021-12-02T16:19:40ZThe cost of corrosion in China10.1038/s41529-017-0005-22397-2106https://doaj.org/article/f284d8e39a434f37bf3a8bb02e240e0e2017-07-01T00:00:00Zhttps://doi.org/10.1038/s41529-017-0005-2https://doaj.org/toc/2397-2106Economics: What corrosion cost China in 2014 It is estimated that the effects of corrosion in China cost approximately $310 billion USD in 2014. Corrosion is a costly issue, justifying substantial expenditure into techniques to protect and mitigate susceptible metals from its effects, and research investment. China has seen rapid growth in its economy in recent times, driven in part by investment in industry. In order to understand the monetary impact of corrosion in China, The Chinese Academy of Engineering instigated a nationwide study led by the Institute of Oceanology, Chinese Academy of Sciences. It estimates that approximately $310 billion USD was lost to the consequences of corrosion and money spent addressing it in 2014, accounting for 3.34% of GDP. Transportation and electronics industries generated the highest costs. Several recommendations are made, including the need for a government-coordinated national strategy.Baorong HouXiaogang LiXiumin MaCuiwei DuDawei ZhangMeng ZhengWeichen XuDongzhu LuFubin MaNature PortfolioarticleMaterials of engineering and construction. Mechanics of materialsTA401-492ENnpj Materials Degradation, Vol 1, Iss 1, Pp 1-10 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	Materials of engineering and construction. Mechanics of materials TA401-492
spellingShingle	Materials of engineering and construction. Mechanics of materials TA401-492 Baorong Hou Xiaogang Li Xiumin Ma Cuiwei Du Dawei Zhang Meng Zheng Weichen Xu Dongzhu Lu Fubin Ma The cost of corrosion in China
description	Economics: What corrosion cost China in 2014 It is estimated that the effects of corrosion in China cost approximately $310 billion USD in 2014. Corrosion is a costly issue, justifying substantial expenditure into techniques to protect and mitigate susceptible metals from its effects, and research investment. China has seen rapid growth in its economy in recent times, driven in part by investment in industry. In order to understand the monetary impact of corrosion in China, The Chinese Academy of Engineering instigated a nationwide study led by the Institute of Oceanology, Chinese Academy of Sciences. It estimates that approximately $310 billion USD was lost to the consequences of corrosion and money spent addressing it in 2014, accounting for 3.34% of GDP. Transportation and electronics industries generated the highest costs. Several recommendations are made, including the need for a government-coordinated national strategy.
format	article
author	Baorong Hou Xiaogang Li Xiumin Ma Cuiwei Du Dawei Zhang Meng Zheng Weichen Xu Dongzhu Lu Fubin Ma
author_facet	Baorong Hou Xiaogang Li Xiumin Ma Cuiwei Du Dawei Zhang Meng Zheng Weichen Xu Dongzhu Lu Fubin Ma
author_sort	Baorong Hou
title	The cost of corrosion in China
title_short	The cost of corrosion in China
title_full	The cost of corrosion in China
title_fullStr	The cost of corrosion in China
title_full_unstemmed	The cost of corrosion in China
title_sort	cost of corrosion in china
publisher	Nature Portfolio
publishDate	2017
url	https://doaj.org/article/f284d8e39a434f37bf3a8bb02e240e0e
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The cost of corrosion in China

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