Economy of China to Improve in H2 2012

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20 Aug 2012 15:21 Helen Clark

CHEMMONITOR.COM – Chinese petroleum and chemical market is supposed to show a downward trend resulted from low consumption of feedstock in the export-oriented sectors.

This year, the industry’s throughput is expected to show a 14% y-o-y rise to about CNY 12.72 trillion, or USD 2 trillion. Last year, the output increased by over 31% y-o-y.

In 2012, profits of the sector are likely to reach CNY 862 billion, up by 5% if compared to 2011.

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