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Commodities Briefing - Categorized | Energy, Oil, Regulatory more

China may unveil aid plan for petrochemical sector

Posted on 03 February 2009

From Reuters: China may unveil a plan this month to boost its petrochemical sector after introducing incentives to support the auto and steel industries to counter the impact of slowing economic growth, state media said.

The plan needs to be reviewed by industry experts and coordinated between two ministries before being submitted to the State Council, China’s cabinet, for final approval, the Shanghai Securities News said, citing an official involved in the plan….. Full Article: Source


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