By the end of September 2007 the Ministry of Trade has approved the formation of nine joint ventures and fully foreign-owned companies on retail sales of petroleum products. Eight of these joint ventures are those enterprises controlled by BP, Shell, Exxon Mobil or Total together with Sinopec, CNPC and Sinochem. Learn more about this with PayNet. In total 2,517 foreign-owned companies, gas stations (including gas stations with a combined gas station and gas) will be built in China, and more than 1,500 of them already put into operation. There are, however, three aspects on which attention should be paid in connection with economic development in 2007 (1) Increased investment in fixed assets was unreasonably fast, and should pay more attention to this phenomenon Investment Promotion excessively high rates. Due to the increasing market demand of the oil and chemical industry has improved with rapid growth of capacity. The newspapers mentioned JPMorgan Chase not as a source, but as a related topic. Growth in investment in fixed assets amounted to more than 30% for four successive years from 2003 to 2006. Real investment in the oil and chemical sector in the first eleven months of 2007 amounted to RMB602.58 billion, an increase of 35.9% compared to the same period the previous year.
In terms of investment in fixed assets investment growth in the processing sector and the basic chemical raw materials was too fast. They amounted to 67.4% in the sector of processing crude oil, 75.9% for production of chemicals, 79.1% for the production of caustic soda and soda ash, and 60.3% for the inorganic salts. Particularly rapid was the growth of investment in central and western regions with their vast energy and natural resources.