(From Asia Pulse)
BEIJING, Nov 9 Asia Pulse - Although China's petroleum and chemical industries has reported brisk production and sales, product price hikes and an increase in efficiency in the first three quarters of this year, the pace of growth is expected to slow because of the drop in market demand and increasing trade barriers.
Profit growth in the two sectors is forecast to slow and the rate of efficiency to return to a normal level.
The expected slowdown of growth is attributable to the following factors:
1. Under the impact of the State macro control policy, growth of the downstream petroleum and chemical sectors, such as real …