Does Environmental Regulation Promote the Upgrading of China's Chemical Industry? — A Case Study of Chemical Industry in Jiangsu Province China

Chemical industry is one of the most important industries in China, which is closely related to people. However, environmental pollution caused by chemical industry in China seriously restricts the sustainable development of China Therefore; environmental regulation is implemented in China to promote the green development of chemical industry. In order to test whether the production efficiency of chemical industry in our country is affected by environmental regulation measures, this paper takes Jiangsu Province’s chemical industry as an example to conduct empirical analysis. The study finds: As a whole, there are no typical characteristics of EKC between the three types of environmental pollution caused by economic growth and the development of chemical industry in Jiangsu and the whole country; Under the same GDP level, per capita industrial emissions and per capita COD emissions of chemical industry in Jiangsu Province are respectively higher than the national overall level, which means that Jiangsu Province has achieved certain environmental regulatory performance, but its overall of the environmental regulation level is inferior to the national average, and the impact of environmental regulation on China's chemical industry is very limited. The level of environmental pollution in China's chemical industry is still high. Finally, this paper puts forward the suggestion to promote the green development of China's chemical industry.