Investment in chemical raw materials and chemical products manufacturing industry increased by 18.8% in 2022

According to the data released by the National Bureau of Statistics on January 17, from January to December 2022, the country's fixed asset investment (excluding farmers) was 57.2138 trillion yuan, an increase of 5.1 percent over the previous year. 

Of this total, investment in the chemical raw materials and chemical products manufacturing industry increased by 18.8%. 

In terms of industries, the investment in the primary industry was 1.4293 trillion yuan, up 0.2 percent over the previous year; the investment in the secondary industry was 18.4004 trillion yuan, up 10.3 percent; and the investment in the tertiary industry was 37.3842 trillion yuan, up 3.0 percent. 

In the secondary industry, industrial investment increased by 10.3% over the previous year. 

Of this total, investment in the mining industry increased by 4.5%, investment in the manufacturing industry increased by 9.1%, and investment in power, heat, gas and water production and supply increased by 19.3%. 

In the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply) increased by 9.4% over the previous year. 

Of this total, investment in water conservancy management increased by 13.6 percent, investment in public facilities management increased by 10.1 percent, investment in road transport increased by 3.7 percent, and investment in railway transport increased by 1.8 percent. 

In terms of regions, investment in the eastern region increased by 3.6% over the previous year, investment in the central region increased by 8.9%, investment in the western region increased by 4.7%, and investment in the northeast increased by 1.2%. 

BISNTE is involved in valve control in the fluid process, and the increase in investment in chemical raw materials and chemical manufacturing will also bring benefits to BISNTE.