The Globe and Mail reports in its Wednesday, Oct. 9, edition that Methanex is a Canadian company with significant exposure to China's market. The Globe's guest columnist Arjun Deiva writes in the Number Cruncher column that Methanex, the world's largest methanol producer, ranked No. 1 on his screen of eight Canadian companies with 27.4 per cent of its sales coming from China. Methanol is gaining traction as a cleaner alternative to fossil fuels, and, according to an MIT Technology Review study, China is betting big on methanol-powered vehicles to reduce carbon emissions. A rebound in consumer spending and travel could fuel increased automobile demand, driving up methanol consumption and thus benefiting Methanex. For investors looking to tap into China's recovery with a more cautious approach, Canadian companies, such as Methanex, with substantial revenue from China present an alternative to direct investments in Chinese equities. These firms' diversified operations offer downside protection if the Chinese rally falters.
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