Zhao Zhiping, director of the Information and Marketing Department of the China Petroleum and Chemical Industry Federation, said in an interview with reporters on the 26th that from January to November this year, enterprises above designated size in the petroleum and chemical industry in China (companies with a business income of over 20 million yuan ) The total output value has exceeded 10 trillion yuan. Among them, the output value of the non-publicly-controlled economy accounts for 50% of the total output value of the industry, and the share of the publicly-controlled economy accounts for 47.5% of the total output value of the industry. Throughout the year, the ratio of non-public economy output value over the public economy is a foregone conclusion. It is understood that this will be the first time that the proportion of non-public economic production in the petrochemical industry has exceeded the public economy since the reform and opening up.
It is understood that in the “Eleventh Five-Year Plan†period, the growth rate of the output value and sales revenue of the non-publicly-owned economy in the petrochemical industry was higher than that of the publicly-controlled economy, and it became the main growth pole of the industry. According to the data from the National Bureau of Statistics, by the end of 2010, there were more than 36,000 chemical companies above designated size (the main revenue was more than RMB 5 million), among which 31,000 were non-public enterprises, and the total industrial output value accounted for 47.4% of the entire industry. Profits accounted for 42.4% of the industry.
Zhao Zhiping said that during the “Eleventh Five-Year Plan†period, the output value of non-publicly-owned holding economies grew rapidly, and the ratio of their output value to the output value of publicly-owned holding economies showed a stalemate, and it could be said that there was no difference, but 2011 will be an important watershed. It is generally believed by industry insiders that during the “12th Five-Year Plan†period, the proportion of non-public economy’s output value will obviously exceed the public economy. Since the beginning of this year, the proportion of output value of non-public economies has been expanding. From January to September, the total output value of non-public economies was 4.07 trillion yuan, accounting for 49.35% of the total industrial output value. The output value of the public economy was 3.97 trillion yuan, accounting for 48.14% of the total. Other economies accounted for 2.51%; while data from January to November showed that the total output value of non-public economies was 5.12 trillion yuan, accounting for 50% of the total. The gross output value of the public economy was 4.87 trillion yuan, accounting for 47.5% of the total. Other economies account for 2.5%.
Zhao Zhiping also pointed out that, overall, the scale of private chemical companies is still not large enough, and brand-name products are not much. Of the top 500 private enterprises in the country in 2011, only 32 were chemical companies, which did not match the status of the chemical industry in the national economy. During the "12th Five-Year Plan" period, private enterprises should find suitable entry points in various fields to achieve transformation and upgrading.
It is understood that in the “Eleventh Five-Year Plan†period, the growth rate of the output value and sales revenue of the non-publicly-owned economy in the petrochemical industry was higher than that of the publicly-controlled economy, and it became the main growth pole of the industry. According to the data from the National Bureau of Statistics, by the end of 2010, there were more than 36,000 chemical companies above designated size (the main revenue was more than RMB 5 million), among which 31,000 were non-public enterprises, and the total industrial output value accounted for 47.4% of the entire industry. Profits accounted for 42.4% of the industry.
Zhao Zhiping said that during the “Eleventh Five-Year Plan†period, the output value of non-publicly-owned holding economies grew rapidly, and the ratio of their output value to the output value of publicly-owned holding economies showed a stalemate, and it could be said that there was no difference, but 2011 will be an important watershed. It is generally believed by industry insiders that during the “12th Five-Year Plan†period, the proportion of non-public economy’s output value will obviously exceed the public economy. Since the beginning of this year, the proportion of output value of non-public economies has been expanding. From January to September, the total output value of non-public economies was 4.07 trillion yuan, accounting for 49.35% of the total industrial output value. The output value of the public economy was 3.97 trillion yuan, accounting for 48.14% of the total. Other economies accounted for 2.51%; while data from January to November showed that the total output value of non-public economies was 5.12 trillion yuan, accounting for 50% of the total. The gross output value of the public economy was 4.87 trillion yuan, accounting for 47.5% of the total. Other economies account for 2.5%.
Zhao Zhiping also pointed out that, overall, the scale of private chemical companies is still not large enough, and brand-name products are not much. Of the top 500 private enterprises in the country in 2011, only 32 were chemical companies, which did not match the status of the chemical industry in the national economy. During the "12th Five-Year Plan" period, private enterprises should find suitable entry points in various fields to achieve transformation and upgrading.
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