The major pressure can be seen in local government property sales. They plummeted 32 percent in the first 10 months to 2.3 trillion yuan compared to previous year according to Ministry of Finance. Local fiscal revenue growth decreased to 7.7 percent in the first 10 months of 2015 from 8.2 percent last year. Before change in statistical methodology revenue growth decreased to 5.4 percent.
China’s economic crisis may worsen due to the sharp overcapacity in chemical industry in some of its sectors. Lower demand is squeezing industry forcing to consideration in the sector.