China’s petrochem industry expected to post double-digit growth this year

01-Feb-10

China's petrochemical industry will show better performance this year, as per the deputy secretary general of China Petroleum and Chemical Industry Association. The industry is expected to post double-digit growth in output value, revenue and profits this year. China's petrochemical industry reached total output value of 6.63 trillion yuan last year, up 0.3% yoy, accounting for 12.13% of the nation's industry output value.