On August 4, 2005, the seminar on the economic situation of the Chinese petroleum and chemical industry was held in Beijing. Representatives from the National Development and Reform Commission, the National Bureau of Statistics, the Ministry of Finance and other ministries and commissions attended the meeting. Nearly 200 large and medium-sized enterprises such as China National Petroleum Corporation and China National Chemical Industry Corporation also sent representatives to attend the meeting. Li Yongwu, president of the China Petroleum and Chemical Industry Association, announced at the meeting that in the first half of the year, the industry’s industrial added value was 410.92 billion yuan, an increase of 30.4% year-on-year.
Zhu Hongren, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, introduced the national industrial economy in the first half of the year. He said that domestic GDP in the first half of the year increased by 9.5% year-on-year and the overall performance was good. Liu Fujiang, deputy director of the Bureau of Industry and Statistics of the National Bureau of Statistics, said that in the first half of the year, China’s oil exploration industry was not affected by the continuous rise in oil prices, and realized a profit of 132.74 billion yuan, a year-on-year increase of 73.7%, accounting for 56.7% of the newly added profits of the industry. 1%. More than half of the new profits in the oil and chemical industry come from the oil industry. Among the 64 products that were tracked by other associations such as chemical fertilizers and inorganic chemical raw materials, there were 61 types of production, which accounted for 95.3% of the total, as compared with last year.
Although the growth rate of the oil and chemical industries in the first half of the year was higher than the national average growth rate, it also revealed some problems. Outstanding performance is reflected in the three aspects of prices starting to show a downward trend, high energy-consuming products developing too fast and product exports experiencing new difficulties. Of the 146 kinds of petroleum and chemical products tracked by the association, 70 products were reduced in price in June, accounting for 47.9%. With the increase in the price of coal and electricity and raw materials, the production costs of the entire industry have increased, and prices have shown a downward trend, which should arouse the attention of the industry. The strong demand for chemical products has led to a substantial increase in the investment in some high energy-consuming products. The two alkalis, calcium carbide, polyvinyl chloride and other resource-producing provinces have grown too fast. Once new production capacity is put into production, the situation is not optimistic. After joining the WTO, a large number of low-priced products were exported, which has prompted relevant countries to adopt trade protection measures and set limits on my exports. Therefore, it is imperative to adjust the structure of export products as soon as possible, increase the technological content, and standardize the export order.
The seminar ended on August 5.
Zhu Hongren, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, introduced the national industrial economy in the first half of the year. He said that domestic GDP in the first half of the year increased by 9.5% year-on-year and the overall performance was good. Liu Fujiang, deputy director of the Bureau of Industry and Statistics of the National Bureau of Statistics, said that in the first half of the year, China’s oil exploration industry was not affected by the continuous rise in oil prices, and realized a profit of 132.74 billion yuan, a year-on-year increase of 73.7%, accounting for 56.7% of the newly added profits of the industry. 1%. More than half of the new profits in the oil and chemical industry come from the oil industry. Among the 64 products that were tracked by other associations such as chemical fertilizers and inorganic chemical raw materials, there were 61 types of production, which accounted for 95.3% of the total, as compared with last year.
Although the growth rate of the oil and chemical industries in the first half of the year was higher than the national average growth rate, it also revealed some problems. Outstanding performance is reflected in the three aspects of prices starting to show a downward trend, high energy-consuming products developing too fast and product exports experiencing new difficulties. Of the 146 kinds of petroleum and chemical products tracked by the association, 70 products were reduced in price in June, accounting for 47.9%. With the increase in the price of coal and electricity and raw materials, the production costs of the entire industry have increased, and prices have shown a downward trend, which should arouse the attention of the industry. The strong demand for chemical products has led to a substantial increase in the investment in some high energy-consuming products. The two alkalis, calcium carbide, polyvinyl chloride and other resource-producing provinces have grown too fast. Once new production capacity is put into production, the situation is not optimistic. After joining the WTO, a large number of low-priced products were exported, which has prompted relevant countries to adopt trade protection measures and set limits on my exports. Therefore, it is imperative to adjust the structure of export products as soon as possible, increase the technological content, and standardize the export order.
The seminar ended on August 5.
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