China's chemical industry output to reach 14t yuan by 2015

Updated: 2012-02-04 11:16

(Xinhua)

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BEIJING - China's petroleum and chemical industry will expand at an annual rate of 13 percent annually during the 2011-2015 period, the country's industrial authority said Friday.

According to a petroleum and chemical industry development plan released Friday by the Ministry of Industry and Information Technology (MIIT), the industry's total output will reach 14 trillion yuan ($2.12 trillion) by 2015.

The industry will focus on domestic demand, boost production capacity for new chemical materials and increase supplies of agricultural chemicals, according to the plan.

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