Chinese giant Sinopec sees net profit fall - Yahoo! Finance UK

Chinese giant Sinopec sees net profit fall - Yahoo! Finance UK

Oil refiner Sinopec of China sees revenue rise but half year net profits almost half. Perhaps this is going to be a worrying trend for all oil based products including plastic. It might be a signal that under funded businesses will start failing or at least lay-large numbers of employees as the recession in the west continues causing depleted demand.