China’s chemical industry sees slower May value-added growth

BEIJING (Xinhua) – China’s chemical sector saw slower value-added growth in May, official data showed.

The value added for the Chinese chemical industry grew 3.8 per cent year on year in May, 0.3 percentage points slower than the same period 2018, according to the National Development and Reform Commission.

The sector’s total value added for the January-May period grew 4.4 per cent year-on-year, 0.8 percentage points faster than the same period of last year. Output of ethylene reached 8.48 million tonnes in the first five months of 2019, up 9.8 per cent year on year. Fertiliser output totalled 24.2 million tonnes, up 2.4 per cent year on year.