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The Chinese petrochemical industry is at a pivotpoint in its development as the 11th Five-Year Plan period unfolds. The enormous potential of China’s petrochemical market will keep attracting the notice of investors at home and abroad. Meanwhile, the industry is likely to see intensified competition, increased resource shortages and greater risk from big fluctuations in the global oil price. To determine the influence of global economic and oil price trends on China’s petrochemical industry, sharpen the industry’s competitive edge and help it better address the critical issues it faces, International Petroleum Economics Monthly, together with ARA, convened the 2006 China Petrochemical Industry Forum on November 14 and 15, 2006, in Beijing. Over 80 domestic and foreign experts attended the forum. Insiders from Thailand, India, the USA, Canada and Hong Kong exchanged views with Chinese petrochemical experts on the development climate and challenges faced by the Chinese and Asia- Pacific petrochemical industry. Petrochemical businesses from the Yangtze River delta area and northeast industrial bases briefed the forum on their projects. And global petrochemical giants attending the forum shared their experience in launching and managing big petrochemical projects in China. The article reports on the climate and possible path for development of China’s petrochemical industry, and how Chinese petrochemical businesses can improve management and sharpen their competitive edge. T
The enormous potential of China’s petrochemical market will keep attracting the notice of investors at home and abroad. Meanwhile, the industry is likely to see intensified competition , increased resource shortages and greater risk from big fluctuations in the global oil price. To determine the influence of global economic and oil price trends on China’s petrochemical industry, sharpen the industry’s competitive edge and help it better address the critical issues it faces, International Petroleum Economics Monthly, together with ARA, convened the 2006 China Petrochemical Industry Forum on November 14 and 15, 2006, in Beijing. Over 80 domestic and foreign experts attended the forum. Insiders from Thailand, India, the USA, Canada and Hong Kong views with Chinese petrochemical experts on the development climate and challenges faced by the Chinese and Asia- Pacific Petrochemical businesses from the Yangtze River delta area and northeast industrial bases briefed the forum on their projects. And global petrochemical giants attending the forum shared their experience in launching and managing big petrochemical projects in China. The article reports on the climate and possible path for development of China’s petrochemical industry, and how Chinese petrochemical businesses can improve management and sharpen their competitive edge. T