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Industry News

Chemicals: The macro-level weakened in the fourth quarter

In the first three quarters, the domestic macro economy as a whole performed well, not only achieved the goal of economic soft landing, but also continued to maintain a stable monetary policy and structural adjustment policies, the GDP growth rate has rebounded slightly. The data shows that in August 2017, the added value of industrial enterprises above designated size increased by 6.0% year-on-year. From January to August, the added value of industrial enterprises above designated size increased by 6.7%. On the whole, the growth rate of production in high-energy-consuming manufacturing industries has continued to decline, but high-tech industries and equipment manufacturing industries have maintained rapid growth, and related investments have accelerated to emerging industries. The growth rate of Shuangchuang Investment continued to increase. With the industrial transformation and upgrading, the Chinese economy accelerated the conversion of old and new kinetic energy.

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