Economy of China to Improve in H2 2012
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.