Published on March 24, 2018

China's petrochemical industry is marching towards a new stage of high-quality development.

China's petrochemical sector has come to a turning point because of global economic recovery and China's economic development.

Report said that, besides its rapid growth, the Chinese economy is shifting towards high-quality development, the policies of cutting overcapacity and focusing on innovation and green development have brought China's petrochemical industry to a new stage.

"The total import and export of petrochemicals of China stood at 583.4 billion U.S. dollars in 2017, increased by 22.1 percent. The import was 390.4 billion U.S. dollars," as per source info.

China's petrochemical market keeps growing, and it needs cooperation and collaboration with international petrochemical agencies and companies.