皇冠体育app

BEIJING - The main business revenue of 皇冠体育app's petrochemical industry will hit 14.5 trillion yuan ($2.36 trillion) in 2014, according to data released by the 皇冠体育app Petroleum and Chemical Industry Federation (CPCIF) on Wednesday.

CPCIF head Li Yongwu said that business revenue in the January-September period this year hit 10 trillion yuan, up 7.7 percent year on year, accounting for 13.1 percent of all industrial revenue.

The industry's fixed asset investment rose 11.2 percent to 1.6 trillion yuan and exports climbed up 6.2 percent to $513.3 billion in the first three quarters of 2014, Li said.

However, 皇冠体育app's petrochemical industry still faces the problem of overcapacity and the added value of science and technology is relatively low, which results in weak profitability, Li added.

• Cash crunch fans expectation on RRR cut
• US extends antidumping duties on 皇冠体育app's thermal paper
• Modern food van with ancient look in Shanghai
• 皇冠体育app home prices continue to cool in November
• Asia's top 3 billionaires all Chinese
• Old investment remedy the treatment for 皇冠体育app's "new normal"
• 皇冠体育app's solar sector opposes US anti-dumping ruling
• BMW to recall 846 cars in 皇冠体育app