Abstract
Report Scope and Methodology
This report about the China petrochemicals markets examines China' s
macroeconomic trends, investment environment, petrochemicals industry
structure and capacities, production and demand, end-user market consumption
trends, distribution channels and industry participants. Long-term forecasts
for major petrochemicals production and demand are included. Key producers of
petrochemicals are profiled. More than 200 top Chinese petrochemicals
producers are listed in the producer directory section.
Most primary and secondary research was done in China in order to access
up-to-date government regulations, market information and industry data. Data
is collected from the Chinese government publications, Chinese chemical
industry associations, and local governments' chemical industry bureaus.
Interviews were conducted with Chinese industry experts, and petrochemicals
producers in China.
Historical data include the data for the year of 1995, 2000 and 2005.
Long-term development trends are projected to the years 2010 and 2015.
Economic models and quantitative methods are applied in this report to project
market demand and industry trends. Metric system is used and values are
presented in either yuan (RMB, current price) and/or US dollars. Exchange rate
for 2005 is based on the annual average rate. The word "demand" is used
interchangeably with "consumption". Totals may not add due to rounding.
Executive Summary
China has experienced over two decades of high economic growth, which has been
stimulated by the consecutive increases of industrial output, consumer
consumption and capital investment. China' s GDP has been growing at 9.8% per
annum. National industry output has been advancing at 15% annually and will
continue to sustain a strong growth into the next decade. The fast-growing
middle class is creating an enormous consumer society. As the fastest-growing
economy in the world, the emerging market has attracted the attention of
investors and corporations around the world for the last two decades.
To deepen the reform of state-owned enterprises is a long-term task and needs
great efforts. The reform of state-owned economy has witnessed rapid changes
in both economic and social aspects. The introduction of foreign advanced
technology and capitals will continue to be favored by the Chinese government
and business community. New ways will be adopted to utilize foreign
investment, including mergers, acquisition, and investment funds and
securities investment. China will continue to improve its investment
environment in the areas of legal system, intellectual property protection,
foreign trade and investment regulation, infrastructure and financial system.
China is the second largest foreign investment recipient after the United
States in the world today. Given its vast market, the country provides
tremendous opportunities for investment and trade both for the present and
future.
View Cart
