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DEVELOPMENT OF CHINA'S INDUSTRY
The spread and deterioration of the international financial crisis formed comparatively large impact on Chinese petrochemical industry, with prices of products constantly falling, enterprises universally running under their production capacity, economic benefits significantly falling and such benefit indicators as production, sales, and profits in the chemical industry entering into the lane of decline.
Affected by the slowdown of downstream demand, the overall production growth of the chemical industry obviously dropped, with production capacity idle more serious. In 2008, the chemical industry realized the total industrial production of RMB3.33239t, up by 24% year-on-year, with the growth falling by 6.41% from the same period of 2007, thus the contradiction of the production capacity surplus in the chemical industry increasingly stands out.
With respect to the growth of gross production of sub-industries, in the chemical industry for agriculture use, for the state pays much attention to agricultural production, the industrial growth is obviously better than other industries. Among them, in 2008 fertilizer manufacturing accomplished the total industrial production of RMB460.75b, up by 32.28% year-on-year, with the growth rising by 4.78% compared with 2007, and agricultural chemicals manufacturing accomplished the total industrial production of RMB123.63b, up by 36.33% year-on-year, with the growth rising by 9.87% compared with 2007. Nevertheless, the growth of the total industrial production of other sub-chemicals industries obviously slowed down, with the feature of periodicity distinctive.
In 2008, the chemical industry totally realized the sales value of products industry of RMB3.24113b, up by 23.28% year-on-year, with the growth down 7.2% compared with 2007, thus the production recovery of the whole industry remains unclear. In the sub-chemical industries, the sales of synthetic materials only rose by 12% compared with 2007, with the growth significantly falling by 21.35% compared with 2007.
In 2008, the loss amount of the enterprises accumulatively suffering losses in the chemical industry amounted to RMB37.95b, up by 172% year-on-year, with the range of loss of the industry continuously expanding and the size of loss being intensified.
In terms of import, in 2008, China totally imported fertilizer of 6.22 million tons, down 46.8% year-on-year. Among them, import of urea fertilizer amounted to 670,000 tons, significantly falling by 87.6% year-on-year; import of compound fertilizer 640,000 tons, down 52.3% year-on-year; import of ammonium dibasic phosphate 100,000 tons, down 82.2% year-on-year; import of potassium chloride 5.14 million tons, down 45.4% year-on-year; and import of potassium sulphate 110,000 tons, down 41.2% year-on-year.
In 2008, the growth of chemical raw materials import generally slowed down obviously, but the import of part of products remained a certain growth in spite of insufficient domestic production capacity.
Throughout the year, the accumulatively imported xylene reached 387 tons, up by 11.6%; the accumulatively imported glycol 5.216 million tons, up by 8.7% year-on-year, and the number of import of toluene, styrene, isocyanate and terephthalic acid reduced by 38.5%, 9.3%, 21.8% and 15% respectively compared with 2007. The import of synthetic resin amounted to 17.71 million tons, down 6.7% year-on-year. Among them, the import of polyethylene, polypropylene and polystyrene reached 3.02 million tons, 2.78 million tons and 3.40 million tons, with polypropylene down 9.2% year-on-year, polystyrene down 10.7% year-on-year while polyethylene up by 5.5% year-on-year.
With respect to export, since the fourth quarter of 2008, due to the adjustment of policies for export rebates and improvement of export environment in the chemical industry, the export of the chemical industry still took on a tendency of decline. In 2008, the chemical industry accumulatively accomplished the export delivery value of RMB280.1b, up by 14.12% year-on-year, with the growth down 15.03% from the same period of 2007. Among them, agricultural chemicals manufacturing and base chemicals are the main pulling force for export growth in the chemical industry. The agricultural chemicals manufacturing accumulatively realized the export delivery value of RMB30.95b, up by 69.8% year-on-year, and the base chemicals raw materials manufacturing accumulatively realized the export delivery value of RMB53.95b, up by 22.14% year-on-year, with the growth rising by 27.77% and 4.91% respectively compared with 2007.
STATUS OF FOREIGN INVESTMENT
According to the statistics of MOFCOM, 386 foreign investment projects in Chemicals industry(Chemicals Industry (Code C26) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202）.) were newly set up in 2009, 189 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 3,991,530,000, down by 3.19％
year-on-year. The number of newly established foreign invested enterprises and the amount of the actual utilized foreign capital accounted for 1.65％and 4.43％
of the national total number or amount of foreign capital absorption in the Chemicals industry during the same period.
According to the source of foreign capital, calculated by the amount of the actual utilized foreign capital, in 2009, countries or regions: Hong Kong, Br. Virgin Is, Germany, United States, Japan ranked No.1 to No. 5 in the Chemicals industry regarding the amount of FDI, accounting for 33.7%, 15.8%, 9.13%, 5.98%, 5.96% of the total amount of the actual utilized foreign capital of the industry separately.
In Chemicals industry in 2009, ten Asian countries/regions (Hong Kong, Macau, Taiwan, Japan, Philippines, Thailand, Malaysia, Singapore, Indonesia and Korea) newly set up 292 enterprises in China, with the actual utilized foreign capital of USD 2,185,070,000, down by 30.31％
and up by 5.34％
separately year-on-year. The number of the newly established enterprises and the actual utilized foreign capital accounted for 75.65％
and 54.74％
of the national total number or amount of foreign capital absorption in the same period.
The EU newly set up 23 enterprises in China, 37.84 less than that of the same period last year; the actual utilized foreign capital reached USD 603,150,000, up by 58.45％
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 5.96％
and 15.11％
of the national total number or amount of foreign capital absorption in the same period.
The US newly set up 28 enterprises in China, down by 42.86％
year-on-year; the actual utilized foreign capital reached USD 238,710,000, up by 40.63％
year-on-year. The number of the newly established enterprises and the amount of the actual utilized capital accounted for 7.25％
and 5.98％
of the national total number or amount of foreign capital absorption in the same period.
According to regional foreign capital absorption, 280 foreign-invested Chemicals enterprises were newly set up in the Eastern area, with actual utilized foreign capital of USD 3,668,150,000, accounting for 72.54% and 91.9% of the national total number or amount of foreign capital absorption in the same period. In the Eastern area, Jiangsu, Beijing and Shanghai ranked among the tops with respect to actual utilized foreign capital, had 71, 3 and 17 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 995,160,000, USD 700,440,000 and USD 468,590,000, accounting for 24.93%, 17.55% and 11.74% of the total amount of the actual utilized capital of the industry in the Eastern area separately.
75 foreign-invested Chemicals enterprises were newly set up in the Central region, with actual utilized foreign capital of USD 144,380,000, accounting for 19.43% and 3.62% of the national total number or amount of foreign capital absorption in the same period. In the Central region, Jiangxi Province, Henan Province and Heilongjiang Province ranked among the tops with respect to actual utilized foreign capital, had 16, 11 and 4 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 43,410,000, USD 40,260,000 and USD 18,550,000, accounting for 1.09%, 1.01% and 0.46% of the total amount of the actual utilized capital of the industry in the Central region separately.
31 foreign-invested Chemicals enterprises were newly set up in the Western area, with actual utilized foreign capital of USD 179,000,000, accounting for 8.03% and 4.48% of the national total number or amount of foreign capital absorption in the same period. Shaanxi Province, Sichuan Province and Chongqing ranked among the tops with respect to actual utilized foreign capital, had 4, 7 and 3 newly established foreign-invested enterprises separately, with the actual utilized foreign capital of USD 79,070,000, USD 38,160,000 and USD 24,530,000, accounting for 1.98%, 0.96% and 0.61% of the total amount of the actual utilized capital of the industry in the Western area separately.
According to utilizing manners of the foreign capital, newly established projects of Chemicals industry in 2009 are as follows : 109 Chinese-foreign equity joint venture projects, 253 wholly foreign-invested projects, 23 Chinese-foreign contractual joint venture projects. The amount of the actual utilized foreign capital reached USD 521,900,000、USD 3,025,480,000 and USD 72,530,000 separately．
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