China’s key sectors see surge in commodity production, signaling economic recovery
2023.09.15 03:43
China’s economy appears to be on a path of recovery, with key sectors including oil processing and aluminum production reaching record-breaking levels in August. This surge in commodity production signals a positive shift following a period of economic turbulence.
Oil refining witnessed a substantial increase of 20% year-on-year in August, hitting 64.7 million tons. This significant rise is largely attributed to plants resuming operations after maintenance periods, allowing them to process the necessary fuels for an active summer travel season.
In addition to oil refining, the production of aluminum, another crucial commodity, also reached unprecedented levels. The increased output in these sectors is indicative of a rebound from the recent economic challenges.
The upward trend in the production of these vital commodities suggests that China’s economy is making strides towards recovery after a challenging period.
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