China's petrochemical equipment will achieve double-digit growth this year

The total industrial output value and industrial sales value of the petrochemical equipment industry increased by more than 30% year-on-year in December. It is expected that the economic operation speed of the petroleum and petrochemical equipment industry will continue to achieve double-digit growth in 2012, but the growth rate will decline slightly. The growth rate of production and sales is expected to be around 25%, while the profit growth will be lower than that of production and sales, which is expected to be around 15%, and the export growth is expected to be around 20%. The equipment industry will continue to maintain high growth.

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