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CHINA CHEMICAL REPORTER: Report on the economics of China's petroleum and chemical industries in 2000. [5 tables].

Chemical Business Newsbase

| March 19, 2001 | COPYRIGHT 2000 Elsevier Engineering Information, Inc. (Hide copyright information)Copyright

The improved state of China's economy helped the petroleum and chemicals industries to achieve improvements in production, market growth, and increases in exports.

The industry achieved its 3-year target of reversing its losses.

In 2000 the petroleum and chemical industries achieves an industrial added value of Yuan 396.7 bn, up 30% over 1999.

Sales revenue reached Yuan 1428.5 bn, up 19%.

Gross import and export value reached Yuan 72.2 bn, up 49%.

Profits were Yuan 108 bn, up by Yuan 77 bn and an increase of 248% over 1999.

The industry achieves its target for Yuan 30 bn 7 months ahead of schedule.

The product …

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