According to the "Twelfth Five-Year Development Plan for Petrochemical and Chemical Industry" recently released, the petrochemical and chemical industries in China have maintained stable and rapid development during the "Eleventh Five-Year Plan" period. The "Eleventh Five-Year" average annual growth rate of 22.3%, the main product output increased significantly, refined oil, ethylene, synthetic resins, inorganic materials, fertilizers, pesticides and other important bulk production of the world's forefront. Huatai Securities (601688) made an in-depth interpretation of the “Twelfth Five-Year Plan for Development of Petrochemical and Chemical Industry†and believes that the domestic demand for chemical bulk products will generally be lower than the “Eleventh Five-Year Plan†period. After the “11th Five-Year Plan†development, some sub-sectors of the domestic chemical industry experienced serious overcapacity. The slowdown in demand growth has exacerbated the contradiction of overcapacity. The pressure on energy-saving and emission-reduction in the chemical industry has been enormous. The increase in production capacity of surplus products, the elimination of backward production capacity, and the encouragement of mergers and reorganizations of enterprises. Sub-sectors involved include civil explosives, chlor-alkali, pesticides, and chemical fertilizers. Green Scooter,Commuter Scooter,Eco Scooter,Scooter Bike For Adults Ningbo Hiley Technology Co.,Ltd , https://www.nbhiley-mobility.com