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Chemicals: The fourth quarter macro - turn weak asset "bubble" facing bursting

Author: Hubei Kecy Chemical            Release time: 2022-09-01

In the first three quarters of this year, the overall performance of the domestic macro economy was good. Not only did the soft landing of the economy be achieved, but also GDP growth picked up slightly under the environment of maintaining the prudent monetary policy and the full implementation of various structural adjustment policies. Data show that in August 2017, industrial added value above designated size increased by 6.0% year-on-year in real terms, and in the first eight months of 2017, industrial added value above designated size increased by 6.7% year-on-year. Overall, production growth in energy-intensive manufacturing continued to slow down, but high-tech industries and equipment manufacturing maintained rapid growth, and related investment also accelerated to emerging industries. The growth rate of mass entrepreneurship and innovation investment continues to rise, and with industrial transformation and upgrading, the Chinese economy is shifting from old drivers to new ones at a faster pace.

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