Sinopec and PetroChina Dominate China Industry Ranking

Sinopec and PetroChina once again head up CW’s annual ranking of China’s top 40 chemical companies by annual sales (table). The list is prepared by SRI Consulting (Beijing). Sinopec and PetroChina also posted strong financial results for the first half of 2007. Sinopec’s chemicals business reported a 38% increase in first-half operating profits, to Rmb8.5 billion ($1.1 billion), on sales up 22%, to Rmb115.7 billion. “In the first half of 2007, the Chinese economy continued to grow steadily and rapidly, with a GDP growth rate of...

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