The Ministry of Industry and Information Technology released on August 26 the operation of China's industrial economy in August. The growth rate of investment in high-energy-consuming industries continued to fall, while the output of the caustic soda and soda ash industries increased and decreased in August, showing mixed performance.
From January to August, six high-energy-consuming industries completed an investment of 2055.2 billion yuan, a year-on-year increase of 14.5%, an increase of 9.2% in August, and a decrease of 9.6 percentage points from the same period of last year and a decrease of 1.9 percentage points from the first half of the year. Among them, the ferrous metal smelting and rolling industry decreased from a 1.4% year-on-year growth of 1.6% to 1.8%; the non-metallic mineral products industry, chemical raw materials and chemical products manufacturing and petroleum processing coking and nuclear fuel processing industries increased by 29.5% and 15.4 respectively. % and 5.9%, down 1.5, 1.9 and 3.1 percentage points from the first half of the year; non-ferrous metal smelting and rolling industry, electricity, heat production and supply industries were up 35.4% and 7.9% respectively, 1.2 and 0.7 percentage points faster than the first half.
Chemicals: In August, the value-added of the chemical industry increased by 12.2% year-on-year, with the growth rate falling 7.3% year-on-year and 0.4% lower than that in July. Among the main products, ethylene production was 1.38 million tons, an increase of 48.3% year-on-year, 17.9% higher than the previous period; production of caustic soda was increased by 8.3% year-on-year; production of soda ash was down 2.6% year-on-year; output of pesticides was up by 20.5%; fertilizer production was down by 4%. From January to August, the added value of the chemical industry increased by 16.9% year-on-year, the growth rate accelerated by 6.4 percentage points year-on-year; the production of caustic soda, soda ash and ethylene rose by 17.1%, 11.4%, and 39.9%, respectively; the output of pesticides and chemical fertilizers increased by 19.7% and 4.4 respectively. %.
In addition, the growth rate of production in high-energy-consuming industries in China is still lower than that of all industries above designated size. In August, the value-added of the six high-energy-consuming industries increased by 11.4% from the same period of last month, which was 0.9% higher than that of the previous month, which was lower than 2.5 percentage points of the growth of all industries; among them, the ferrous metal smelting and rolling processing industry and non-metallic mineral products industry grew respectively. 8.1% and 18.8%, an acceleration of 2.1 and 0.3 percentage points from the previous month; petroleum processing coking and nuclear fuel processing and power heating production and supply industries increased by 5.9% and 11.6% respectively, which was an acceleration of 2.4 and 1.2 percentage points from the previous month; The metal smelting and rolling processing industry, chemical raw materials, and chemical manufacturing industries increased by 10.6% and 12.9% respectively, down 1.3% and 0.8% from the previous month. From January to August, the value-added of the six high-energy-consuming industries increased by 15.5% year-on-year, 1.1% lower than the growth rate of all industries, and slowed by 3.9 and 1.7 percentage points respectively from the first quarter and the first half of the year.
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