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In his speech, Li Yongwu, President of the China Petroleum and Chemical Industry Association, raised five hopes for the development of the petroleum and chemical industry next year: First, it is necessary to continue to maintain a stable economy and prevent major ups and downs; Second, we must earnestly implement energy conservation and emission reduction, and continue to promote Circular economy; Third, we must optimize the industry and product structure, and vigorously develop new types of petroleum and chemical industries; Fourth, we must vigorously promote technological innovation and accelerate the transformation of scientific and technological achievements; Fifth, we must actively promote responsible care and promote harmonious social development.
Meng Quansheng, vice president of the China Petroleum and Chemical Industry Association made a keynote speech at the meeting. According to Meng Quansheng, the economic operation of China's petroleum and chemical industries in 2007 presented the following seven characteristics: First, production continued to maintain rapid growth, and the quality of economic growth further improved; Second, energy conservation and emission reduction became the main theme of industrial economic work, energy consumption and Pollutant emissions decreased; Thirdly, new progress was made in the adjustment of product structure and organizational structure; Fourth, the ability to ensure the supply of agricultural production materials was further improved; Fifth, technological innovation was the leading factor in improving independent innovation; Sixth, in order to build a harmonious society, A consensus has emerged in the implementation of “responsible care†in the petroleum and chemical industries. Seventh, industry investment is extremely active – the pace of multinational companies investing in petroleum and chemical industries has accelerated.
The “China Petroleum and Chemical Economic Operation Report†provides a detailed description and analysis of the economic operation situation, existing problems, and potential risks of the industry from 1998 to 2008. The report pointed out that the soaring price of crude oil has made the contradiction between supply and demand in the oil, petrochemical, and chemical industrial chains extremely sensitive. In the future, China’s oil and chemical industry will be tested in four areas: costs, markets, product differentiation, and the structure of the industry.
The following figure shows the scene of the 2007 China's oil and chemical industry economic situation analysis. 
Industry Economic Situation Analysis Conference Held in Beijing
In 2007, China's oil and chemical industry is expected to realize an industrial output value of 5.2 trillion yuan, a sales income of 5.1 trillion yuan, a profit of 530 billion yuan, a total import and export volume of 310 billion US dollars, and a fixed asset investment of 635 billion yuan, respectively. Annual growth of 21.8%, 22.5%, 21%, 22% and 34%. It is estimated that in 2008, the industry's total industrial output value will increase by about 18%, sales revenue will increase by about 20%, profits will increase by about 19%, import trade will increase by about 18%, export trade will increase by about 25%, and fixed asset investment Will increase by more than 20%. This is the information that the reporter got at the 2007 China Petroleum and Chemical Industry Economic Situation Analysis Conference held in Beijing on December 19. At the meeting, the China Petroleum and Chemical Industry Association first released the "China Petroleum and Chemical Economic Operation Report."