The rapid and sustainable development of the national economy will provide a broad market for the valve manufacturing industry after china carrying out its eleventh five-year development plan.

★ petro- chemical industry: In the coming decade, china will build and renovate over ten large refinery plants with capacity of ten million tons, ten ethylene plants with capacity of million tons, over ten PTA plants with capacity of 600,000 tons-1,000,000 tons.

★  power industry: Capacity of power industry in china reached 600million kilowatt. According to the requirement of development of national economy, it is estimated that china’s generating capacity will get to 800million kilowatts in 2010 and 1.6billion kilowatts in 2020. Due to newly built super-critical thermal power plants with capacity of 600,000 kilowatts and super-critical thermal power plant and power policy of building larger thermal power plants and canceling smaller ones, thermal power plant will supply important market for valve industry.

★  Metallurgy Industry: It is expected that the output of steel and iron will up to 0.4 billion ton in 2010, and 0.5 billion ton in 2020, while the metallurgy industry needs a lot of valves.

★ Coal Chemical industry: Due to rich storage of coal, coal chemical industry, changing coal into oil and substitute products, such as carbinol and dimethyl ether, will be the new industy in the coming years, coal chemical industry in particular.

★ Pipelines for Transporting Oil and Natural Gas: Natural gas is undefiled energy, but just occupies 3.4％ of china’s total energy. It is estimated that natural gas will reach 8％ of total energy in 2010. Extension pipeline of transporting natural gas from west to east, the second pipeline of transporting natural gas from Shaanxi Province to Beijing have been under construction, and the pipeline of transporting natural gas from Sichuang to the east has also been initiated. Large storage station for liquefied natural gas in Zhejiang province, Fujian province, Guangdong province will be built. A large quantity of ball valves for pipelines of transporting gas and oil will be needed, which will provide unprecedented opportunities for valve enterprises both home and abroad.

★ Olympic Games providing unlimited opportunities

   The29th Olympic Games will be held in Beijing, which will provide unlimited business opportunities for valve enterprises as it boosts the development of economy, culture,and tourism.