On October 26, the National Development and Reform Commission held a news conference on the economic operation in the third quarter of 2005 in Beijing. Ma Liqiang, deputy secretary-general of the National Development and Reform Commission and head of the Economic Operations Bureau, said in response to a reporter’s question that the profits of the oil and chemical industry from January to September accounted for one-third of the total industrial profits above designated size, which is a relatively large proportion of profits. industry.
Ma Liqiang said that in the first three quarters of this year, the national economy has maintained a steady and relatively rapid development. In particular, the oil and chemical industries have experienced rapid growth and the overall benefits have been outstanding. Of the more than 8,000 billion yuan in profits made by industrial enterprises above designated size, the profits of the petroleum and chemical industries were 274.03 billion yuan. The profits of the two major industries of petroleum and petrochemical are 206.45 billion yuan, and the chemical industry is 67.58 billion yuan. Ma Liqiang specifically mentioned that although the profits of the chemical industry are slightly lower, it is still higher than other industries.
Information from the National Development and Reform Commission shows that the momentum of excessive investment in some industries in the first three quarters of this year has been curbed. Investment growth in industries such as steel, nonferrous metals, and building materials continued to decline. At the same time, investments in energy and transportation industries such as coal, petroleum, and railway transportation have maintained rapid growth. Among them, investment in coal mining increased by 76.8% year-on-year, oil and natural gas extraction increased by 31.3%, and railway transportation increased by 41.4%.
When talking about the issues that need attention in the current economic operation, Ma Liqiang said that the deep problems that restrict the sustainable development of the economy have not been fundamentally solved, and some structural problems have become increasingly prominent. First, the consequences of blind expansion in some industries have already appeared, and the pressure of overcapacity is growing. Second, the loss of loss-making enterprises has risen rapidly. In the first three quarters, the amount of corporate losses has increased by 57.6% year-on-year. Third, the international trade friction has intensified. Fourth, the tight supply and demand situation of coal, electricity, and oil is still tight.
Ma Liqiang said that in the first three quarters of this year, the national economy has maintained a steady and relatively rapid development. In particular, the oil and chemical industries have experienced rapid growth and the overall benefits have been outstanding. Of the more than 8,000 billion yuan in profits made by industrial enterprises above designated size, the profits of the petroleum and chemical industries were 274.03 billion yuan. The profits of the two major industries of petroleum and petrochemical are 206.45 billion yuan, and the chemical industry is 67.58 billion yuan. Ma Liqiang specifically mentioned that although the profits of the chemical industry are slightly lower, it is still higher than other industries.
Information from the National Development and Reform Commission shows that the momentum of excessive investment in some industries in the first three quarters of this year has been curbed. Investment growth in industries such as steel, nonferrous metals, and building materials continued to decline. At the same time, investments in energy and transportation industries such as coal, petroleum, and railway transportation have maintained rapid growth. Among them, investment in coal mining increased by 76.8% year-on-year, oil and natural gas extraction increased by 31.3%, and railway transportation increased by 41.4%.
When talking about the issues that need attention in the current economic operation, Ma Liqiang said that the deep problems that restrict the sustainable development of the economy have not been fundamentally solved, and some structural problems have become increasingly prominent. First, the consequences of blind expansion in some industries have already appeared, and the pressure of overcapacity is growing. Second, the loss of loss-making enterprises has risen rapidly. In the first three quarters, the amount of corporate losses has increased by 57.6% year-on-year. Third, the international trade friction has intensified. Fourth, the tight supply and demand situation of coal, electricity, and oil is still tight.
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