Inner Mongolia autonomous region has launched an index on coal chemical products, the first of its kind in China, to better facilitate regional industry development and provide data support for policy-making and management decisions at firms.
The index system is compiled by a private-owned index research company under the delegation of Inner Mongolian Development and Reform Commission, according to a press conference held in Hohhot, capital city of Inner Mongolia, on November 25.
The system consists of two major parts - product price index and industrial development index.
The former assesses prices of natural gas, high temperature coal tar, methanol, PE, PP, synthetic ammonia and urea, and the latter would be carried out from four aspects, including industrial scale, business efficiency, scientific research innovation and green development.
(Writing by Emma Yang Editing by Jessie Jia)
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