The report of the 18th CPC National Congress proposed that we must adhere to the basic national policy of opening to the outside world, improve the open economic system of mutual benefit, multi-winning, multiple balance, security, and high efficiency, and comprehensively increase the level of open economy. Adhere to the same emphasis on exports and imports, improve the comprehensive advantages and overall benefits of the use of foreign capital, accelerate the pace of going out and enhance the company's ability to operate internationally. This statement has pointed out the direction for the petroleum and chemical industries to invite and go abroad scientifically, and enhance international competitiveness in competition and cooperation. Since the reform and opening up, from the initial foreign petrochemical industry capital, technology and products to aggressively seize the Chinese market, and now to come in and go out simultaneously, Sinopec enterprises actively go abroad to expand business opportunities in a broader international market. Practice has proved that this is a valuable experience of cooperation and win-win. It should be carried on with perseverance. At present, international high-end industrial capital, which is characterized by high technology and high value-added products, continues to favor the Chinese market. A large number of high-precision petrochemical projects and regional R&D centers have successively settled in China, bringing high-quality products and advanced products to the country. Technology and management concept. The domestic industrial army, which is mainly focused on petrochemical central enterprises, has also actively gone out through mergers and acquisitions, joint ventures, and establishment of branches. It not only enlarges and strengthens the company, but also promotes local economic development and people’s livelihood improvement. According to statistics, foreign petrochemical companies invested more than 100 billion yuan in China in 2010. At the same time, the amount of overseas mergers and acquisitions of only three major oil companies in China exceeds US$30 billion. Overseas businesses involve more than 50 countries and regions in the world. By actively integrating into the international market, China’s petrochemical industry has seen rapid growth in foreign trade. By 2011, the total import and export volume of the entire industry reached US$607.146 billion, accounting for 16.7% of the total import and export volume of the country. Imported crude oil and potash fertilizers accounted for more than half of domestic demand, which ensured the rapid growth of China's energy demand for energy resources. Imported varieties of chemical raw materials met the development needs of China's fine chemicals and emerging industries. By expanding exports and foreign investment, the Chinese petrochemical industry has grown rapidly and international competitiveness has continued to increase. The output value of the chemical industry has now ranked first in the world, and more than 20 types of bulk products such as synthetic resins, synthetic rubber, and synthetic fibers have been produced. Ranked in the forefront of the world, China's petrochemical industry capital has increasingly become a force on the international market can not be underestimated. China's petrochemical industry is in a critical stage of becoming stronger and stronger. One of the important tasks is to further deepen opening up. While improving the level of utilization of foreign capital, it will help enterprises accelerate their pace of going out and further improve the international competitiveness of industries and enterprises. . China's principle of comprehensively improving the level of open economy and attracting foreign investment should not be changed, but it must guide foreign investment to high-end industries, rather than low-end industries with high consumption, high pollution, overcapacity, and advanced technology. To this end, the State has revised the foreign investment guidance catalogue, raised the barriers to entry, encouraged foreign investment in research and development of high-end, environmentally friendly petrochemical new products, and made strategic investments such as energy conservation and environmental protection, biology, new energy, new materials, and new energy vehicles. Emerging industries, while polysilicon, coal chemical, etc. are not encouraged. This is in unison with the petrochemical industry's "Twelfth Five-Year Plan" adjustment of structure and transition. At the same time, we must encourage more petrochemical companies to go global, improve their skills in the international winds, and accelerate the transition from followers to leaders. Chinese companies going abroad are challenges to the existing situation and will inevitably encounter severe resistance from the Western world. In the rough road ahead, we must bravely attack. All kinds of rules and standards on the international market are reasonable. We must abide by it. If we don’t, we’ll try to break it. This year, Zhejiang Xin'an Chemical Co., Ltd. lasted 8 years, and finally won the EU's anti-dumping international lawsuit, which undoubtedly set a good benchmark for the industry. In the process of going global, we must speed up the process of attracting and cultivating a highly-qualified talent team that is familiar with international operations. China's move towards a well-to-do society cannot be separated from reform and opening up. China must also adhere to its strategy of opening up to the world's forests. Taking the scientific concept of development as a guide, actively introducing and going out, and achieving win-win in the competition and cooperation with global counterparts are the only choices for the Chinese petrochemical industry to become stronger and stronger.
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