Sunday, April 11, 2021

China’s Oil and Petrochemical industry posts 32.1 percent profit growth in 2018

Featured

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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 -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -spot_img

Latest News

British Royal Artillery fires 41 salute rounds in honor of Prince Philip

The British Royal Artillery fired 41 artillery rounds during gun salutations across the UK; In honor of the death...
- Advertisement -

Related News