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Bharat Tex Compendium

Chinese petrochemical sector slowsdown in 2012

06 Jun '12
1 min read

All key parameters indicate that the mammoth Chinese petrochemical industry has slowed down in the first four months of the current year.

Exports and imports from the sector grew by just 5.7 percent in the period, down from a staggering 27.7 percent from a year earlier.

In the reporting period, total gross output rose at a slower growth rate of 14.7 percent from a year ago to 3.36 trillion Yuan.

Value-added output of the petrochemical sector grew by about 12.4 percent year-on-year in the period January to April 2012.

However the silver lining lay in the fact that investments touched 268.6 billion Yuan in the four-month period.

Fibre2fashion News Desk - China

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