China’s oil and petrochemical industry posted a 32.1 percent growth in profits in 2018, recording 839.38 billion yuan (around US $ 125 billion), accounting for 12.7 percent of the country’s total industrial enterprises.
- Advertisement -
The output of the oil and petrochemical industry increased steadily in 2018 and showed relatively good momentum in achieving sound economic performance as a result of constantly lower costs and stable demand in the market, according to a report released by the Ministry of Industry and Information.
Total industrial exports reached 701.87 billion yuan (US $ 104.6 billion), up 22 percent, while industry investment rose 6 percent in 2018, reversing the decline of two years earlier, the report said.
- Advertisement -
