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Chemical and Petrochemical industry plays an important role in the development of China's national
economy and is one of pillar industries in China. In 2009, in order to address international financial crisis and achieve the goal of maintaining growth, expanding domestic demand and adjusting the structure, the State outlined the Plan for Adjusting and Reinvigorating the Petrochemical Industry, thus the petrochemical industry stabilized and generally took a favorable turn.
Each crisis is subsequently accompanied by major interest adjustments and great changes of pattern. Each major external shock will be transformed into the driving force for making China's economy reach new heights. China's petrochemical industry is expected to usher in a new round of major development in the future 3~5 years.
The period for implementing the 12th Five-Year National Plan for Economic and Social Development will be crucial for maintaining steady growth of national economy and turning the large petrochemical industry into a powerful one. Chemical enterprises should energetically adjust engineering construction, seek better utilization of domestic resources and policy support for minimizing both construction and maintenance costs and rationally make use of resources and save operating costs for maximizing return on investment while exploring opportunities under the new situation of development.
In response to the needs of chemical and petrochemical enterprise, PROCESS magazine will hold "PPC Engineering 2011" in November 2011.
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