Jan. 12, 2012 (China Knowledge) - The petrochemical industry in China
is expected to have realized RMB 11.2 trillion of gross output last year, 31% more than that in 2010, according to figures from the China Petroleum and Chemical Industry Association (CPCIA).
The industry's core business revenue jumped 30% year on year to RMB 10.9 trillion in 2011, said the CPCIA at a meeting.
The industry reaped a gross profit of RMB 810 billion last year, about 19% more than that in 2010.
The country's investment in the petrochemical industry increased 20% year on year to RMB 1.37 trillion in the whole year.
The industry saw its export and import value maintain fast growth, with the figure surging 32% year on year to US$600 billion last year.