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China's petrochemical industry's output up 31% in 2011

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.

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