China’s petrochemical sector growth slowsApril 30th, 2012 - 1:51 pm ICT by IANS
Beijing, April 30 (IANS) China’s petrochemical industry expanded at much slower pace in the first quarter amid the economic slowdown, according to data released by the National Development and Reform Commission (NDRC) Monday.
Petrochemical industrial production rose 16 percent annually to reach 2.4567 trillion yuan ($391.3 billion) in the first quarter, decelerating further from 22.1 percent in the fourth quarter of last year, according to NDRC.
From January to March, the petrochemical sector processed 114.91 million tonnes of crude oil, up 3.1 percent year-on-year, while refined oil products added 5.5 percent annually to reach 69.15 million tonnes, according to NDRC.
Investment of the petrochemical sector, however, kept rapid growth during the first quarter, with the combined investment amounting to 202.4 billion yuan, up 33.5 percent year-on-year.
- Chinese shipbuilders in choppy waters - Apr 30, 2012
- China's crude steel output went up in 2011 - Jan 23, 2012
- China's steel output up in first three quarters - Oct 22, 2011
- China's industrial profit goes up in 2011 (Lead) - Feb 03, 2012
- China's fiscal revenue up - Mar 12, 2012
- China's crude oil output dips - Feb 26, 2012
- China's IT industry sees revenue growth - Apr 09, 2012
- Chinese banks post record profits - Feb 19, 2012
- China's 2011 fiscal revenue hits $1.64 trillion - Jan 20, 2012
- Chinese aviation industry profits shrink - May 08, 2012
- Russia may increase oil output in 2012 - Jan 22, 2012
- Air China Q3 profits fall - Oct 28, 2011
- China to spend $158 bn in agriculture, rural development - Dec 29, 2011
- China cuts GDP growth to 7.5 percent in 2012 - Mar 05, 2012
- Gulf petrochemical investments to touch $160 bn - Jan 01, 2012