Market Analysis of China's Refining Industry

Entering 2013, the fundamentals of China's economy have not changed, and the macro economy will continue to maintain steady development. The series of relevant regulatory measures introduced in 2012 are still effective, and the momentum of economic stabilization and recovery in the fourth quarter of 2012 has continued across the year. It is expected that the GDP growth rate for the whole year will be around 8%. According to the "Petroleum and Chemical Industry" issued by the Ministry of Industry and Information Technology; Twelfth Five Year Plan; Development Plan "; Twelfth Five Year Plan; During this period, the total economic output of the petrochemical industry continued to maintain steady growth, with an average annual increase of about 13% in total output value. By 2015, the total output value of the petroleum and chemical industry reached about 14 trillion yuan. On February 19, 2013, the website of the Ministry of Industry and Information Technology released a summary predicting that the overall economic operation of China's petroleum and chemical industry would remain stable in 2013, and the rebound momentum would be further consolidated. Although there was downward pressure in the first half of the year, in the second half; Steady improvement;.