Vice President Wang Shicheng of the Light Industry Federation stated in the conference that currently the plastics processing industry experienced a rapid growth in the previous year, which was affected by the macroeconomic situation. In 2012, the speed of development slowed down. From January to April, the plastics industry completed the total industrial output. The output value was 476.2 billion yuan, a year-on-year increase of 16.87%, of which the month of April increased by 12.86% year-on-year, and the growth rate dropped by 8 percentage points compared with March.
Wang Shicheng stated that in April the medium-light plastic boom index was only 94.22. Although it was in a normal and reasonable range, it was the lowest point in a year.
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