with both the benefits of post-epidemic recovery and the challenge of global recession

2023 is a year of unprecedented complexity, with both the benefits of post-epidemic recovery and the challenge of global recession. On the whole, domestic demand is expected to recover in 2023, and the growth rate will be higher than that in 2022. The overseas demand is not optimistic, and it remains to be seen whether it can maintain the level of 2022. There will be no new capacity of VSF in 2023, but operating rate has remained below 80% since the epidemic, and there is room for supply growth