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The current global financial crisis triggered by the US subprime mortgage crisis has caused the development of private and small and medium-sized enterprises to be of concern. In response to the impact of the current financial crisis on China's economy and the private economy, the petrochemical association will invite leaders of relevant national departments to interpret the state’s policies and measures for supporting SMEs, and will follow the path of the SMEs under the impact of the financial crisis. He discussed with the current state of the chemical industry and his experience in dealing with the financial crisis.
Sinopec Forum on Combating Financial Crises to be Held
The 2008 China Petroleum and Chemical Private Enterprise Development Conference and the Summit Forum on Global Financial Crisis, sponsored by the China Petroleum and Chemical Industry Association, will be held in Beijing on December 6. The conference will showcase the achievements of China's oil and chemical private economy development over the past three decades of reform and opening up, analyze the impact of the current financial crisis on small and medium-sized oil and chemical companies, and put forward opinions and suggestions.