China’s petrochemical industry likely posted combined revenue of 13.3 trillion yuan (US$2.2 trillion) in 2013, up 9.2 percent year on year, Securities Times reported Friday. The figure is 1.1 percentage points higher than the 2012 growth. Net profit was 890 billion yuan, up 8.8 percent year on year. Exports accounted for US$180.56 billion of the total, up 4 percent from a year earlier. The industry expects net profit to come in at 980 billion yuan this year, an increase of about 10 percent. Projected revenue is 14.56 trillion yuan, up 9.5 percent year on year, the report said.
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