On October 28, at the press conference held by the Information Office of the State Council, Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology, introduced the progress of the country's industrial operation in the first three quarters and eliminated backward production capacity. He pointed out that the overall operation of the industrial economy in the first three quarters was in good condition and it is expected that the industrial added value of the above-scale industries will increase by about 13.5% year-on-year.
In the first three quarters, industrial production maintained a steady and rapid growth, and business conditions continued to improve. The value-added of industrial enterprises above designated size increased by 16.3% year-on-year, an acceleration of 7.6 percentage points year-on-year. In terms of sub-sectors, the raw materials industry grew by 13.8%, which was a 4.5% increase year-on-year. At the same time, the industrial investment structure was gradually optimized, the investment growth rate of high-energy-consuming industries fell sharply, and the implementation of technological transformation projects was sound.
Domestic demand continued to increase the pull of the industrial economy. Exports achieved rapid growth on a relatively low base last year, becoming a bright spot in the industrial economy this year.
Industrial energy conservation has made positive progress, and the situation of significant increase in energy consumption in high-energy-consuming industries has been basically controlled. In addition, the merger and reorganization, the elimination of backward production capacity has been steadily progressing, and the upgrading of industrial structure has been accelerated. As of the end of September, all localities have basically completed the task of shutting down production capacity this year, and industries such as coke, calcium carbide, alcohol, monosodium glutamate, and citric acid can fulfill their tasks.
On the same day, the China Petroleum and Chemical Industry Federation also released the report on the economic operation of the petrochemical industry in the first three quarters. The report pointed out that at present, the overall economic performance of the petrochemical industry is sound, and economic growth has basically achieved a steady and rapid development after the financial crisis.
The data released in the report shows that from January to September, the total industry output value reached 6.33 trillion yuan, an increase of 35.3% year-on-year, accounting for 12.55% of the country's total industrial output value. In the first three quarters, the growth rate of the industry-wide total output value was 46.9%, 36.8% and 25.2%, respectively, which gradually slowed down. In the third quarter, the output value showed steady and rapid growth. This shows that the petrochemical industry's economic trend has gradually increased from high-speed to stable and rapid growth.
In addition, in the first three quarters, the output of major petrochemical products continued to grow rapidly, especially oil, organic chemical raw materials, synthetic resins, paints, tires and other products, and the growth momentum was strong; the market supply and demand were basically stable, the overall production and sales convergence was smooth, and the industry prices rose steadily. China has slowed down; import and export trade has made significant progress in the predicament, and it has approached the best level before the financial crisis; industry investment has grown steadily.
In the first three quarters, industrial production maintained a steady and rapid growth, and business conditions continued to improve. The value-added of industrial enterprises above designated size increased by 16.3% year-on-year, an acceleration of 7.6 percentage points year-on-year. In terms of sub-sectors, the raw materials industry grew by 13.8%, which was a 4.5% increase year-on-year. At the same time, the industrial investment structure was gradually optimized, the investment growth rate of high-energy-consuming industries fell sharply, and the implementation of technological transformation projects was sound.
Domestic demand continued to increase the pull of the industrial economy. Exports achieved rapid growth on a relatively low base last year, becoming a bright spot in the industrial economy this year.
Industrial energy conservation has made positive progress, and the situation of significant increase in energy consumption in high-energy-consuming industries has been basically controlled. In addition, the merger and reorganization, the elimination of backward production capacity has been steadily progressing, and the upgrading of industrial structure has been accelerated. As of the end of September, all localities have basically completed the task of shutting down production capacity this year, and industries such as coke, calcium carbide, alcohol, monosodium glutamate, and citric acid can fulfill their tasks.
On the same day, the China Petroleum and Chemical Industry Federation also released the report on the economic operation of the petrochemical industry in the first three quarters. The report pointed out that at present, the overall economic performance of the petrochemical industry is sound, and economic growth has basically achieved a steady and rapid development after the financial crisis.
The data released in the report shows that from January to September, the total industry output value reached 6.33 trillion yuan, an increase of 35.3% year-on-year, accounting for 12.55% of the country's total industrial output value. In the first three quarters, the growth rate of the industry-wide total output value was 46.9%, 36.8% and 25.2%, respectively, which gradually slowed down. In the third quarter, the output value showed steady and rapid growth. This shows that the petrochemical industry's economic trend has gradually increased from high-speed to stable and rapid growth.
In addition, in the first three quarters, the output of major petrochemical products continued to grow rapidly, especially oil, organic chemical raw materials, synthetic resins, paints, tires and other products, and the growth momentum was strong; the market supply and demand were basically stable, the overall production and sales convergence was smooth, and the industry prices rose steadily. China has slowed down; import and export trade has made significant progress in the predicament, and it has approached the best level before the financial crisis; industry investment has grown steadily.
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