X @外汇交易员

Industry Reform & Restructuring - Chinese government is planning comprehensive reforms in the petrochemical and refining industries to reduce overcapacity in low-end sectors [1] - Measures are expected to be introduced next month [1] - Petrochemical equipment used for over 20 years, accounting for approximately 40% of the national total, will need to be upgraded to increase production [1] - Factories will be encouraged to shift towards producing specialized fine chemicals [1] Investment & Incentives - New investment policies will prioritize chemicals used in AI, robotics, semiconductors, biomedical equipment, batteries, and renewable energy [1] Refining Sector - Smaller refineries with an annual capacity of less than 2 million tons may face closure [1]