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

4:33 AM MDT | September 13, 2012 | Lyn Tattum in Tianjin

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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