智通财经网·2026-01-07 06:29Core Viewpoint - The Chinese government is focusing on "anti-involution" and steady growth, with the Ministry of Industry and Information Technology (MIIT) set to launch a work plan for the petrochemical industry, which is expected to promote the elimination of outdated capacity and lead to healthier industry development [1] Group 1: Policy and Industry Outlook - The "anti-involution" policy aims to accelerate the clearance of high-energy-consuming industries due to cost constraints, with the MIIT planning to implement a new round of work plans for key industries including petrochemicals [2][3] - The work plan for the petrochemical industry (2025-2026) targets an average annual growth of over 5% in added value, stabilization of economic benefits, and significant enhancement of technological innovation capabilities [1][2] Group 2: Industry Specifics - In the calcium carbide sector, total production capacity in China is projected to be 41.66 million tons by 2025, a decrease of 7.1% from the peak in 2022, with the top six companies holding only 23.5% of the market share [3] - The liquid alkali industry is expected to see a total production capacity of 51.66 million tons by 2025, with a low industry concentration of 12.9% among the top six companies, indicating a fragmented market [4] - The PVC industry, heavily tied to the construction and real estate sectors, is projected to have a consumption volume of approximately 18.66 million tons in 2025, reflecting a 7.1% decline from 2020 due to low demand [5][6]