Thanks to the rapid development in the past 40 years of reform and opening up, China's productive forces have been greatly liberated and improved.

- Feb 04, 2019-

Thanks to the rapid development in the past 40 years of reform and opening up, China's productive forces have been greatly liberated and improved. The contradiction between supply and demand in the market has shifted from insufficient supply to an overall oversupply.

China's petroleum and chemical industrial products have been unable to fully meet the needs of people's consumption and upgrading.The supply structure of the industry needs to be adjusted and upgraded to adapt to the fundamental changes in the contradiction between supply and demand, greatly improve the supply capacity and quality of the industry, and build a higher level and higher quality material foundation for people to enjoy a better life.

Supply-side structural reforms in the oil and chemical industries are accelerating.Consumption upgrading and supply-side structural reform are becoming the most important factors affecting the future of chemchina.They are driving each other and are creating deep changes in the way the industry develops.