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CHINA'S OIL, PETROCHEMICAL SECTORS SEE RECORD HALF YEAR PROFITS.
BEIJING, Aug 1 Asia Pulse - China's oil and petrochemical sectors reported 92 per cent growth in their half-year profits year on year to 89.7 billion yuan (US$10.9 billion), a record high.
At a national conference on economic performance of the oil and petrochemical sectors on July 31, industry leaders said the sectors generated 880.1 billion yuan (US$107.3 billion) during the first half of the year, up 31.3 per cent, while industrial added value totaled 274.8 billion yuan (US$335 billion), up 36.6 per cent.
The sectors also recorded 848.7 billion yuan (US$103.5) in sales, up 33.2 per cent.
Tan Zhuzhou, president of the China Association ...
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