Home / Business / Chemical Tools: Save | Print | E-mail | Most Read | Comment
Chemical industrial output up 2.4 pct
Adjust font size:

The industrial production of China's chemical sector increased 2.4 percent year on year in the first two months, and the falling trend for major product's output was eased, according to data released by the Ministry of Industry and Information Technology (MIIT) on Friday.

The figure was calculated based on the comparable working days in the first two months, since China's Lunar New Year holiday fell in February last year, but in January this year.

Zhu Hongren, official with the MIIT said although the output expansion was marginal, the contracting trend for the production of major chemical products was eased.

Of the major 30 chemical products monitored by the ministry, 21 saw output falling in the first two months, but the falling rate was tempered from that in December. In addition, three products saw output get back to growth.

To support the annual "Spring Plough" season, the output of major three chemical fertilizer rose 4.6 percent to 8.75 million tonnes through January to February.

The pesticide production grew 9.1 percent to 394,000 tonnes in the first two months, and that for February alone jumped 14.4 percent.

Zhu Hongren said despite of the easing contraction, it was too early to be optimistic, citing the chemical industry faced the most difficult condition comparing with other raw material producing sectors.

China's industrial output rose 5.2 percent year on year in the first two months, with the growth slowing from December, MIIT said last week.

The figure was 0.5 percentage point lower than in December, dragged down by plummeting exports and high inventories, according to MIIT.

Experts said the figure showed Chinese industry was still feeling the pinch of the global downturn.

(Xinhua News Agency April 4, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- New stimulus plan mulled for petro-chemical industry

Mar.20, Shanghai Lipper Funds Awards
Mar.21-22, Beijing Anti-monopoly Law Symposium
Mar.27, Beijing The 4th Annual China Fund Summit
Apr.11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr.20-23, Beijing Green Transformation: Forcast New Business Culture

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?