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Fu Xiangsheng, Vice President of China Petroleum and Chemical Industry Federation: Challenges and opportunities coexist in the petroleum and chemical industry in 2020!
Source:未知 Writer:威马泵业 Senddate:2020-03-13 16:08

On March 3, the China Petroleum and Chemical Industry Federation held the 2019 China Petroleum and Chemical Industry Economic Operation Report Conference in Beijing. Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Federation, believes that in 2020, the petroleum and chemical industry will face challenges and opportunities.

He said that the industry is facing five major challenges, including the continued risks of downward economic pressure, uncertainty factors volatile, environmental pressures difficult to ease in the short term, external dependence continued to rise, and structural excesses difficult to change fundamentally.

He pointed out that the industry is facing great development opportunities in the aspects of cautious optimism in the international economic environment, sufficient domestic economic resilience, and huge development potential of the Chinese petrochemical industry.

The "Report" predicts that in 2020, the economic operation of the domestic petroleum and chemical industry will show a trend of low to high and stable to pick up.It is estimated that the operating income of the entire industry will increase by about 5% year-on-year, of which the operating income of the chemical industry will increase by about 7%; the total profit of the petroleum and chemical industry will increase by about 8% year-on-year.