What is the new measures to develop titanium industry proposed at this year's Chinese National People's Congress ?

During this year's National People's Congress and Chinese People's Political Consultative Conference, Premier Li Keqiang proposed in the "Government Work Report" to strengthen the construction of new infrastructure, develop a new generation of information networks, and expand 5G applications. In response, chemical companies have expressed that the new infrastructure has given them a boost and also stimulated a new round of development in the chemical equipment manufacturing industry. Developing high-value-added new chemical materials and high-end chemicals is the way for China to move from a "petrochemical power" to a "petrochemical powerhouse" and achieve high-quality development. After the two sessions, a new round of chemical projects started to increase and new equipment started to be upgraded, which has led to an overall increase in demand for titanium materials. For our titanium enterprises in Baoji, you have very good news. Recently, the order volume for the hot-rolled strip, wide and thick plates, composite plates, and seamless pipes in the Baoji area has significantly increased, while the demand for titanium bars and wire rods has remained stable. The overall market has shown a new pattern with strong growth in the high-end chemical industry and potential for significant growth in civilian fields such as electronics, medicine, and construction, as well as increased demand from military industries such as aviation, aerospace, and shipbuilding. The market's vitality has also increased the confidence of titanium production companies, and production is becoming increasingly full. As for prices, the titanium market prices have been stable this week, with company quotations the same as last week. In terms of raw materials, the price of sponge titanium has remained stable.