The Covid-19 pandemic imposed a great impact on China’s overall economy, and all industries were basically at a standstill in the first two quarters of 2020.
Starting from the second quarter of 2020, the capacity utilisation rate of coal mining and washing industry was 69.6%, that of food manufacturing industry was 70.4%, that of textile industry was 72.7%, that of chemical raw materials and chemical products manufacturing industry was 74.2%, that of non-metallic mineral products industry was 68.2%, that of ferrous metal smelting and calendering processing industry was 78.4%, and that of non-ferrous metal smelting and calendering processing industry was 79.2%. General equipment manufacturing industry is 77.3%, special equipment manufacturing industry is 77.6%, automobile manufacturing industry is 74.6%, electrical machinery and equipment manufacturing industry is 78.1%, and computer, communications and other electronic equipment manufacturing industry is 78.4%.
Frank Xu, Chairman of China IG Members Alliance-CIGMA and founder of GASonline, gave the following analysis and forecast on the development prospect of China’s IG industry in 2021.
The business model of the IG industry
At present, the business model of China’s IG industry can be divided into two types: self-built device gas supply and outsourced gas supply, while outsourced gas supply can be divided into three gas supply modes: liquid gas, pipeline gas and cylindered gas.
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