China’s economy is in continuous development accompanied by increased market demands in the industry. It is estimated that annual growth rate of petrochemical industry will be over 10% during the Twelfth Five-Year Plan period. Gross output value will be doubled by the end of the Twelfth Five-Year Plan period. Despite of promising development prospect of China’s petrochemical industry as a whole, development speed of its subsidiary industries is varied. Fundamental chemical industry tends to be balanced, and high-end chemical product market still has great potential for growth.
　　Generally speaking, national policies are still favorable for industrial investment. Nevertheless, energy conservation and environmental protection is of prior importance. It is necessary to accelerate development of new chemical industries, and enhance environmental protection. It is of vital importance to petrochemical industry to maintain stable development, seize market opportunities and proceed with industrial reform during fierce market competition.