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1997年下半年爆发的亚洲金融危机，已经逐渐对世界各国产生了重大的影响，我国的石油和石化产品面临着大量进口和走私货冲击的严峻形势．企业的经济效益严重滑坡。因此必须利用周边国家在这次金融危机中停缓建许多项目的机遇，及时时五化产业进行结构调整，迎接这次挑战。
The Asian financial crisis that broke out in the second half of 1997 has gradually had a major impact on the countries of the world. China’s petroleum and petrochemical products are facing a severe situation of heavy import and smuggling of goods. The economic efficiency of enterprises has been severely declining. Therefore, it is necessary to use the opportunity of neighboring countries to suspend and build many projects during this financial crisis. In a timely manner, the five chemical industries will undergo structural adjustment to meet this challenge.