Zhu Hongren, Chief Engineer of the Ministry of Industry and Information Technology of China Drying Network, described the current state of the industrial economy in the country. In particular, he emphasized that the raw material industry in which the petrochemical industry is located fell in the first quarter, and the monthly growth rate of industrial added value in the second quarter exceeded the entire industrial sector. Zhu Hongren said that as the effects of these steady growth measures gradually become apparent, the industrial economy is expected to stabilize further. The potential for domestic demand is huge, and the ability of enterprises to resist risks is gradually increasing. In the second half of the year, as the effect of these stable growth measures gradually becomes apparent, the operation of the industrial economy is expected to stabilize further. In the next step, the Ministry of Industry and Information Technology will, in accordance with the unified deployment of the State Council, adhere to the general tone of steady progress, put steady growth to a more important position, accelerate the industrial transformation and upgrading, and complete the tasks of the year.

According to Zhu Hongren’s introduction, the slowdown and stabilization of the industrial economy are mainly reflected in the fact that, in the first half of the year, the added value of industrial enterprises above designated size still maintained a 10.5% increase over the previous year; the increase in value added from above-scale industries has increased. In terms of speed, the growth rates in the fourth, fifth, and sixth months were 9.3%, 9.6%, and 9.5%, respectively. Among them, the monthly growth rate of the raw material industry in the second quarter was 9.1%, 9.3%, and 10.1%, respectively. The industry grew 9.1% in the second quarter. It can be said that the signs of stabilization have become more apparent in the industrial sector.

The complex situation facing stabilization and recovery cannot be underestimated. Zhu Hong Ren thinks that the impact of the shrinking of external demand has deepened. In the first half of this year, the growth rate of industrial added value fell, the impact of exports was close to one-third; domestic demand growth slowed downward pressure; production costs increased and other factors intensified Difficulties in the business, the initial release of new production capacity and the decline in the market demand "fallback", product prices continue to decline, increased production and business difficulties.

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