The sustained growth of China's economy and its development prospects of the chemical industry, attracted great attention of foreign media. The latest edition of the American "Chemical Week," the commentary said that China's investment in the world's largest chemicals. Investment in 2005 amounted to 36 billion U.S. dollars. Sinopec and the China National Petroleum led to the deployment of some Chinese companies are large investment plans many multinational chemical is also promoting the expansion of investment projects. Nevertheless, a period of time in the future China is still a major importer of chemicals. growth in the chemical industry will play an important role in promoting world. Senior foreign analysts believe that China's petroleum chemicals and other chemicals is growing faster than the GDP growth. 2005 China imported 70 billion U.S. dollars of chemicals, chemicals trade deficit of 41 billion U.S. dollars. Next five to ten years will have many new capabilities implemented, but in the foreseeable future, China will continue to rely on imports of chemicals. transnational chemical companies in the China market will continue to provide ample space for development.
　　American Chemical Council (ACC) said that China's 264 billion U.S. chemicals market Same, is the third largest market after the United States and Japan. Although China's economic output has not exceeded that of Germany, hold a fourth in the world. However, the Chinese chemicals output has reached 223 billion U.S. dollars in 2005. over Germany to become the third largest chemicals producer. China's eastern coastal areas accounted for 40% of the country's population, but 60% of the GDP. China '11th Five-Year Plan' efforts to promote balanced regional development planning, which is the chemical industry and the opportunities we face. Analysts pointed out that China's economic growth rate reached 11.3% in the second quarter of this year. China is the fastest growing quarter in 12 years. World Bank predicted that China's GDP growth rate will drop to 9.3% in 2007. While economic growth will be slow, but China will continue to be the main driver of growth for the global chemical industry. According to ACC predicted that in 2006 China's chemical production growth rate of 16.7%, compared with the average growth rate of 5.9% in the Asia-Pacific region as a whole, the average world growth rate of 3.7%. ACC analysis 2006~2016 years. China's chemical industry output will reach an annual growth rate of 10.4%, while Asia will be 5.4%. world will be 3.6%. China has many fine chemical intermediates and pharmaceutical companies an important source of low-cost, basic chemicals and derivatives in the downstream investment will continue to accelerate