On February 16, China petroleum and chemical industry association released 《2016 oil and chemical industry and economic operation of the 2017 forecast report》. The report predicts, petrochemical industry, industrial added value growth of about 7.5% in 2017.
In 2016, oil and chemical industry adhere to seek improvement in stability of total tone, vigorously promote industrial structure adjustment and innovation drive and dissolve excess capacity, industry in the economic operation stability into positive, steady. In 2016, oil and chemical enterprises above designated size 29624, realize the main business income 13.29 trillion RMB, an increase of 1.7% over the previous year, the total profit of 644.44 billion RMB, the basic flat with the previous year .The chemical industry's main revenue was 9.21 trillion RMB, an increase of 5.3% over the previous year, total profit of 507.3 billion RMB, an increase of 11.7% over the previous year.
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