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BEIJING Cheap Kyle Schwarber Jersey , Jan. 17 (Xinhua) -- China's petrochemical industry profit in 2017 grew at the fastest pace in six years, according to the China Petroleum and Chemical Industry Federation on Wednesday.

The sector's 2017 profit is estimated to exceed 850 billion yuan (about 130 billion U.S. dollars), up 30 percent.

Revenue from core operations totaled 14.5 trillion yuan last year, up 12.5 percent Cheap Yu Darvish Jersey , while imports and exports as a whole increased by 22 percent to 560 billion U.S. dollars.

The petrochemical industry has been hindered by overcapacity along with security and environmental constraints. A State Council guideline issued in August 2016 said China must increase the competitiveness of the industry.

By 2020, energy consumption per yuan of output should be cut by 8 percent from the 2015 level, with carbon dioxide emissions and water consumption reduced by 10 percent and 14 percent.

Shanghai stocks closed at a two-month high yesterday after market sentiment was bolstered by the central bank’s fund injection.

The Shanghai Composite Index rose 0.24 percent to 3,444.67 points Cheap Javier Baez Jersey , the highest close since November 13.

The People’s Bank of China injected a net 100 billion yuan (US$15.5 billion) into the banking system through open market operations, which helped increase liquidity and lifted investor sentiment, Merchants Securities said in a report.

Meanwhile, “investors expect high growth in banks and securities companies as their share prices have stayed at relatively low” for some time Cheap Ryne Sandberg Jersey , said Liu Li, an analyst at Shanxi Securities.

Zheshang Securities Co soared 9.04 percent to 17.49 yuan, and Bank of Nanjing gained 5.52 percent to 8.99 yuan.


BELGRADE, Dec. 15 (Xinhua) -- Israeli basketball champion Maccabi Tel Aviv was beaten by Red Star in Belgrade, Serbia by 83-58 in the 12th round of the Euroleague.

Red Star gained a strong lead over Maccabi at the beginning of the match thanks to efficient team play in defense and counterattacks and entered second half time with 18 point lead (42-24) that continued throughout the match.

Host team had even five players with double digit score - Marko Simonovic (14 points), Ognjen Kuzmic (12 points, 5 rebounds), Milko Bjelica (11 points, 6 rebounds) Branko Lazic (10 points) and Stefan Jovic (10 points, 9 assists).

Both teams have 5 wins and 7 losses after this round of the competition. Red Star jumped by two positions in the rankings and is now 10th, while is ranked 10th while Maccabi dropped by three positions and is now 11th.

In the next round Red Star will play against Olympiacos Piraeus in Athens, Greece, while Maccabi will play on home court against CSKA Moscow.

Coach of Red Star Dejan Radonjic said after the match that everything worked as the team could only wish for and that they have ""defeated a team that was in front by all parameters"".

""We have managed to create good situations and easy counterattacks out of good defense plays. We have gained and built an advantage and in the end we came to a complete control of the game,"" he said.

Radonjic said that ""Maccabi did much to return to glory days, they were champions of Europe"" and in the latest transfer period created a team that can play on a highest level.

Rami Hadar, coach of Maccabi said his team played bad in all aspects of the game and that Red Star achieved a well-deserved victory.

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