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Chemical Week Magazine :: Top of the Week
Outlook for China is Strong Despite Recent Weakness
8:59 AM MDT | September 14, 2012 | â€”Lyn Tattum
Chinaâ€™s chemical industry remains strong, despite weakness in the countryâ€™s economy, and for the period Januaryâ€“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 10â€“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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