China Output on the Rise

The China Petroleum and Chemical Industry Federation (CPCIF; Beijing) says chemical industry output increased 37.1% in the first eight months of 2011, compared with the year-ago period, to Rmb4.2 trillion ($659 billion). In 2010, China’s chemical industry overtook the U.S. to become the largest in the world in terms of total output value. The value of chemical industry output in China increased 32.6% in 2010 compared with the previous year, to Rmb5.23 trillion ($821 billion), surpassing the $734 billion of chemicals output generated by the U.S. industry...

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