OREANDA-NEWS. October 04, 2011. The 12th five-year plan for the petrochemical sector drafted by the Ministry of Industry and Information Technology (MIIT) is to be published in next month.

Officials say the key to the plan was to develop high-end petrochemical products in order to expand the petrochemical industries. It's expected that the annual growth rate for the petrochemical industry will be above 10 percent and reach a total production output of 16 trillion yuan (USD 2.50 trillion). 

The plan will also focus on information technology construction and transformation.