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In 2010, the total output value of China's petroleum and chemical industries reached 8.82 trillion yuan, which was calculated at an average exchange rate and exceeded the trillion-dollar mark. Among them, the output value of the chemical industry is expected to reach 5.19 trillion yuan, which, according to the average exchange rate, exceeded 770 billion U.S. dollars, surpassing the U.S. (projected U.S.$ 734 billion U.S. dollars) and ranking first in the world.
This was learned by the reporter of this website during the 2010 annual summary ceremony held by the Sinopec Federation on January 18th.
China's chemical output ranks first in the world
In 2010, China Chemical successfully surpassed the United States, and its total output ranks first in the world.