In August, the growth rate of investment in China's high-energy-consuming industries continued to decline

In August, the growth rate of investment in China's high-energy-consuming industries continued to decline

The Ministry of Industry and Information Technology released today the operating conditions of China's industrial economy in August, and the growth rate of investment in high energy-consuming industries continued to fall.
From January to August, six high-energy-consuming industries completed investment of 2055.2 billion yuan, a year-on-year increase of 14.5% (up 9.2% in August), which was 9.6 percentage points lower than the same period of last year and 1.9 percentage points lower than the first half. Among them, the ferrous metal smelting and calendering industry decreased from a year-on-year increase of 9.4% to a decrease of 1.8% from January to June; non-metallic mineral products, chemical raw materials and chemicals 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.
In addition, the growth rate of production in high-energy-consuming industries in China is still lower than that of all above-scale industries. In August, the value-added of the six high-energy-consuming industries increased by 11.4% year-on-year (accelerated by 0.9% from the previous month), which was lower than the 2.5% growth rate of all industries; among them, the ferrous metal smelting and rolling processing industry and non-metal mineral products industry They increased by 8.1% and 18.8% respectively, up 2.1 and 0.3 percentage points from the previous month; the production and supply of petroleum coking and nuclear fuel processing industries, and power heating production increased by 5.9% and 11.6%, respectively, and accelerated by 2.4 and 1.2 percentage points from the previous month. The non-ferrous 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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