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Steady growth of investment in China’s chemical industry in 2022

chemical industry

Official data shows strong investment and export growth in China’s chemical industry in 2022. According to the Bureau of Statistics, investment in the chemical raw materials and products manufacturing industry grew by 19% year-on-year in 2022, 7.4 percentage points above the average for all industries.

The department reported that the trade structure continued to improve during the period. Organic chemical exports rose 17 per cent to US$80.7 billion, with the trade surplus soaring 216 per cent from 2021, according to General Administration of Customs data. Exports of inorganic chemicals rose 68 per cent from 2021 to US$39.4 billion, with a trade surplus up 57 per cent year-on-year.

QEEHUA PUMP is a manufacturer of chemical pumps, including magnetic pumps, centrifugal pumps, vertical pumps and chemical filters for a wide range of industrial scenarios, like the chemical industry, electroplating industry, painting industry, etc.

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