CW China Conference: A Critical Moment of Opportunity for Chemicals as Leaders Grapple with Strategy and Innovation

China's chemical industry remains strong, despite weakness in the country's economy, and for the period January to July 2012, output was worth Rmb6.9 trillion ($1.1 trillion), representing a year-on-year increase of 11.3%, says Li Yongwu, chairman of the China Petroleum and Chemical Industry Federation (CPCIF; Beijing). Speaking at the opening of the 2012 China Petroleum and Chemical International Conference, held in Tianjin on September 10–12, 2012, Li said that chemicals fixed-asset investment rose 30.9% over the period and foreign trade rose 8.5%, to...

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