The Department of Raw Materials, Ministry of Industry and Information Technology, has issued a document, interpreting the Development Plan of the Petrochemical and Chemical Industry (2016-2020).
During the 2016-2020 period, the Plan puts forward specific targets for the economic development and the integration of industrialization and informatization of the tire sector.
According to the classifications of industries by the National Bureau of Statistics, the petrochemical and chemical industry includes “chemicals and chemical product producing”, “rubber product producing” and “petroleum processing”, in which “chemicals and chemical product producing” and “rubber product producing” account for 76% of the economy of the industry, while “petroleum processing” accounted for 24%.
Calculated by the predicted GDP by the 13th Five-Year Plan, the growth rate of the industrial added value of “rubber product producing” and “petroleum processing” is about 9.8%.
According to the Plan, during 2016-2020, the average growth target of added value of the petrochemical and chemical industry is 8%, 1.4 percentage points lower than the target in 2011-2015.
With respect to the development efficiency, the Plan adopts “sales profit margin” to indicate the development efficiency of the industry.
By 2020, the targeted sales profit margin is to reach 4.9% from 4.6% in 2015.
In addition, during 2016-2020, enterprises’ integration of informatization and industrialization should be enhanced greatly, with 35% enterprises realizing informatized comprehensive integration.
The Plan also requests to establish a standard system for smart factories of the petrochemical and chemical industry; to set up a batch of smart factories and digital workshops and a few smart industrial bases in the tire and other sectors; and to pilot industrial internet in the petrochemical and chemical industry.
