Business Club July 25th According to the data of the National Industry Coordination Department, from January to June, China's petrochemical industry had accumulated a total investment of 480.4 billion yuan, an increase of 24.5%, which was lower than the growth rate of fixed assets investment of the whole society by 1.1 percentage points.
10,609 construction projects, a year-on-year decrease of 0.8%, and 5,778 new construction projects, a year-on-year decrease of 7.6%. It is understood that investment in coatings and other industries with overcapacity is only 14-22%, which is significantly lower than the industry average. The investment in high-end petrochemical products such as synthetic materials and specialty chemicals that are in short supply in the market has increased by as much as 27-32%, which is significantly higher than the industry average, and the high-end trend of industrial investment is significant. As the number of construction projects and new projects started to decline, the growth of industrial investment in the second half of the year was weak.
In general, in the first half of the year, the petrochemical industry achieved overall rapid development, driven by the gradual recovery of the international economy and steady and relatively rapid growth of the domestic economy. In the second half of the year, as the uncertainties in the international economic recovery increased and domestic efforts to combat inflation and energy-saving and emission reduction increased, the petrochemical industry's development environment became tighter, and the overall growth rate showed a slowing trend.
10,609 construction projects, a year-on-year decrease of 0.8%, and 5,778 new construction projects, a year-on-year decrease of 7.6%. It is understood that investment in coatings and other industries with overcapacity is only 14-22%, which is significantly lower than the industry average. The investment in high-end petrochemical products such as synthetic materials and specialty chemicals that are in short supply in the market has increased by as much as 27-32%, which is significantly higher than the industry average, and the high-end trend of industrial investment is significant. As the number of construction projects and new projects started to decline, the growth of industrial investment in the second half of the year was weak.
In general, in the first half of the year, the petrochemical industry achieved overall rapid development, driven by the gradual recovery of the international economy and steady and relatively rapid growth of the domestic economy. In the second half of the year, as the uncertainties in the international economic recovery increased and domestic efforts to combat inflation and energy-saving and emission reduction increased, the petrochemical industry's development environment became tighter, and the overall growth rate showed a slowing trend.
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