Government considers stimulus package for domestic petrochemical industry in China

China's government is reportedly considering a US$73 bln stimulus package for the domestic petrochemical industry in an attempt to help the industry combat effects of the global economic meltdown. It is reported that the stimulus package will include an investment in 2009 and 2010 for upgrades in oil products, and an investment for the construction of 20 new large-scale petrochemical projects.
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