Ninth Forum of Foreign-invested Enterprises in the Petroleum and Chemical Industry in China Held in Beijing

China Drying Network News The 9th China Petroleum and Chemical Industry Forum on Foreign-invested Enterprises in China was held in Beijing. Focusing on the challenges and opportunities currently faced by development, Li Yongwu, President of the China Petroleum and Chemical Industry Federation, and Li Shousheng, Executive Vice President of the China Petroleum and Chemical Industry Corporation, discussed with executives of 22 Chinese foreign companies’ presidents and government relations directors. The meeting specially invited Zheng Jingping, member of the Party Group and Chief Engineer of the National Bureau of Statistics, to report on China’s macroeconomic trends and make judgments on the economic situation in the second half of the year.

Li Yongwu pointed out that under the current situation of continued downward pressure on the economy, we must recognize the complexity and severity of the current situation, estimate the difficulties more fully, and prepare measures more carefully. He believes that the economic slowdown is to a certain extent the result of the country’s active macro-control. With the steady recovery of the downstream industries such as automobiles and real estate, the economic operation of the oil and chemical industry will gradually recover to a steady level; at the same time, the industry growth rate must be The slowdown is conducive to the formation of a counterforce mechanism to promote the industry to accelerate the transformation of development methods, increase the competitiveness of the industry, and be good at discovering and grasping the favorable factors in the development of the industry and turning hazards into opportunities.

Li Yongwu said that foreign-funded enterprises have obvious advantages in structural adjustment, technological innovation, and enterprise management. In the second half of the year, the Federation will further strengthen the monitoring and analysis of industrial economic operations, promote technological innovation, and promote energy conservation and emission reduction. It is hoped that foreign-funded enterprises will further strengthen their cooperation with China's petrochemical industry and enterprises, increase investment in China, raise all businesses to a new level, and make positive contributions to steady growth and transfer of the industry.

In his special speech, Li Shousheng, executive vice chairman of the Petrochemical Federation, analyzed the operation of the petroleum and chemical industries in the first half of the year and proposed policy proposals for stable growth and structural adjustment, combined with shale gas, new materials, and energy conservation that foreign companies pay attention to. The “12th Five-Year Plan”, such as emission reduction, elaborates the direction of investment and development priorities in these areas.

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