The growth rate of the raw material industry fell sharply in the third quarter

Recently, the Ministry of Industry and Information Technology announced the operation of the industrial economy in the first three quarters of this year. According to the data, in the first three quarters, the added value of China's raw material industry increased by 13.8% year-on-year, with the growth rate falling by 2.3 percentage points from the first half of the year, of which the growth rate was 10.6% in September, and the growth rate fell sharply. The growth rate of high-energy-consuming industries was faster than that of all industries. The petroleum processing coking, nuclear fuel processing, chemical raw materials, and chemical manufacturing industries increased by 10% and 16.5%, respectively, which fell 3.4 and 2 percentage points from the first half of the year. In the first three quarters, China’s crude oil production was 150 million tons, an increase of 5.8% year-on-year; imported crude oil was 180 million tons, an increase of 24.1% year-on-year.