Reform of energy consumption structure reduce pollutant emission

On June 17, China's first "national low-carbon day".Increasingly strengthen the resources and environment restriction, let people know clearly that the current high carbon development unsustainable model,schedule 40 hot dipped galvanized carbon steel pipe ASTM A106 only accelerate the development of low carbon, can alleviate the serious situation of shortage of domestic resources and environmental pollution, sustainable development.

According to the China coal industry association released by the China coal industry development research report, according to the calculation, the coal consumption of 3.52 billion tons in 2012.

"For a long time, the coal has an important role in China's energy consumption structure, give priority to with coal energy structure, the emissions caused by the traditional coal technology, is the focus of atmospheric pollution control."Said LuoJianHua,large diameter steel pipe low pressure fluid linepipe deputy secretary-general of the national federation of industry and environmental chamber of commerce, energy consumption is growing too fast and unreasonable energy consumption structure, are two major problems existing in the current energy consumption in our country.
Have experts point out that, on the one hand, because carbon dioxide emissions intensity is closely related to the energy intensity and energy intensity decreased lag directly affect the progress to achieve the goal of reducing carbon dioxide strength;On the other hand,SCH40 large diameter LSAW steel pipe the hydropower construction lagging and power generation, nuclear power construction progress will be slow and photovoltaic power installed capacity is small, to a certain extent, hampered the further optimization of energy consumption structure.

Iron ore futures design

At present, the international iron ore from 80% to 90% of the big three production on the basis of platts index-based pricing, platts index is based on three major ore bidding price.Due to platts index sample size is small, prepare the way is not public, three major mines tender process is not open, so the price transparency by market.
In the industry point of view,large diameter steel pipe low pressure fluid linepipe design for iron ore futures with physical delivery of futures contracts, can reflect the market supply and demand relations, reflect the fair market price, help to build an objective and fair pricing system.With iron ore futures, the domestic enterprise to lower transaction costs, the more direct and convenient to participate in the market, make its trading will at home to get the maximum reflection, thus to improve your Chinese steel mills, traders and other bargaining power.
At present, has been running two months of futures trading is more active, the iron ore industry customer involvement is relatively positive, market running smoothly, the price discovery and hedging function gradually appear, hand in a copy of the market is relatively satisfactory answer.

Debt scale

Before the "sea," events, shagang group, debt has been increasing.
In recent years,seamless carbon steel tube api 5l gr.b according to shagang group company financial statements, shagang group, the total debt of more than 60 billion yuan, as of the end of March 2013, shagang group, the total debt of 63.09 billion yuan, total liabilities of 80.655 billion yuan.
According to moody's subordinate ccxi to shagang group,Astm water fluid line carbon steel pipe for many consecutive years follow-up rating report, shagang group, the total debt has gone up from $2008 in 35.073 billion to March 63.09 billion yuan this year.
For years in a row in the report, ccxi referred to shagang group, some unreasonable debt structure,seamless steel pipe astm a106 gr b short-term debt is larger. Shagang group, the short-term debt mainly bank loans payable, notes payable, and the liquidity liabilities due within 1 year.
According to the rating report since 2009, the total number of three types of debt from 2009 yuan in March 2009, the rapid rise in March this year to 46.584 billion yuan, shagang group, short-term debt accounted for more than 74% have been, the highest reached 85.53%.
But as of last quarter issue new short-term bonds, shagang group, and no default records, long-term debt ratio of short-term debt has also decreased from 4.02 times in 2009 to 3.02 times that of last year.
But the long-term follow-up of shagang group,carbon steel seamless A106 steel pipe the project said: "based on China's largest private steel enterprises scale advantage, shagang group, for many years with four lines to keep a good relationship."

In the late iron ore price action analysis

Influenced by season, the late steel production was down, demand for iron ore will further weaken the intensity,seamless steel pipe astm a106 gr b iron and steel enterprise economic benefit is still at low levels, coupled with the domestic market of iron ore resources are still appears as an oversupply situation, the late iron ore prices still have further down space.

1, lower steel production annulus,Longitudinal Welded pipe and tube is on the decline in demand for iron ore

Ten-day reports according to the iron and steel association statistics, 9 months early member enterprise accumulated nissan 1.742 million tons of crude steel, fell 32000 tons, fell by 1.84%; Slow growth in market demand, under the condition of iron and steel production volume down,ERW carbon steel pipe ASTM A106/A53 demand for iron ore strength declined, iron ore prices to fall in.

2, the iron ore market continue to render an oversupply situation

According to the national bureau of statistics, 1 - in August, the total output of 480 million tons of pig iron,JIS 5K Plate flanges year-on-year increase of 29.8 million tons, must be finished ore 50 million tons. While the domestic iron ore (ore) production increased by 57.16 million tons, 40.21 million tons of imported iron ore quantity increased, the total amount to finished ore 56 million tons, is significantly higher than the amount of iron ore to pig iron for steel making production; In late September, the import iron ore port stocks of 72.33 million tons, fell 660000 tons, the overall level is still high. In the late iron ore markets continue to present an oversupply situation.

Bayi iron and steel, a wholly owned subsidiary involved in litigation

Bayi steel late September 23 announcement,200mm diameter mild steel pipe recently, the company received a wholly owned subsidiary of xinjiang southern xinjiang eight steel steel in baicheng co., LTD. (hereinafter referred to as "southern xinjiang steel") relating to the litigation documents, the plaintiff is suggested in shaanxi industry &trade co., LTD. (hereinafter referred to as "suggested") with the southern xinjiang steel business contract dispute, to the xinjiang uygur autonomous region senior court to lodge a civil action, the amount of 27.0194 million yuan.

In December 2012, in the southern steel and sign the coke procurement contract is suggested,astm a234 CS seamless elbow R=1.5D is suggested to provide the nanjiang steel coke agreed by. In June 2013, due to the coke quality problems after the arrival of the goods, ask for a refund, southern xinjiang steel is suggested in the said don't agree with this. Both sides talks things over, to mention to the high court in xinjiang uygur autonomous region is suggested in the civil lawsuit, coke payment $26.2835 million payment request to judge the nanjiang steel, at the same time pay late payment penalty due to breach of contract is 735900 yuan. Bayi iron and steel, according to the current because the case has not been in session, temporarily unable to determine.

In addition, bayi iron and steel,carbon steel spiral welded tube anshan iron and steel international trade co., LTD., chengdu v. company and xining jung feng group, industry and trade co., LTD., contract dispute case has come to an end. For xining handsome peak business license has been revoked, and no property available for execution,JIS 5K Plate flanges the hospital deduct the company bank deposit 3.616 million yuan (including the loss of interest and replenishment, court costs, execution fee and other related fees). On this basis, the case all completed. Company has to confirm the estimated debts the deduct the payment of 3.4826 million yuan, 2012 annual profits. The balance of 133400 yuan will increase the company's 2013 annual non-operating expenses.

The secret of the appreciation of sintering ashes

Mr.zhang is in the south of sichuan province, bordering yunnan, is the largest iron and steel base in southwest in China.Pangang group,A53B ERW carbon steel welding round tube the original is state-owned assets supervision and management of central enterprises directly under the state council, now a wholly owned subsidiary of anshan iron and steel group, of China is the world's second largest vanadium production enterprise, the titanium materials, China's largest and most complete industry chain of titanium processing enterprise.

In the past, steel sintered ash handling is piled up and return to the sintering, but due to pile up easy to pollute the environment, the environmental protection department has banned;45 degree short radius pipe fitting elbows Return sinter is not the best way, because the vulnerable to blast furnace wall corrosion, repeated use made of lead and other non-ferrous metal impurity and fluorine, chlorine and other non-metallic impurities are mandatory to the ironmaking process, to the quality of the service life of blast furnace and steel has a certain influence, but also increase the energy consumption of ironmaking coal (coke).

"National environmental protection" twelfth five-year "plan", "twelfth five-year" period, the environmental protection the main direction of iron and steel industry focused on the backward,black carbon steel butt welded concentric reducer sintering desulfurization denitration, sintering efficient dust removal and four fields such as dioxin pollution prevention. Among them, the sintering efficient dust removal problem is steel commonly encountered difficulties to be overcome.

Our correspondent information display, beginning in 2010, is located in panzhihua of panzhihua steel vanadium co., LTD. Sales will sintering ashes.A 2010 "comprehensive utilization of panzhihua vanadium resources in panzhihua technology co., LTD. Product sales contract" (contract number: 273041090-90000001-10) show that pangang to sell 4800 tons of sintered ash to panzhihua fire phoenix renewable resources recycling companies (hereinafter referred to as "fire phoenix company"),API 5L gr.b erw carbon steel round pipe the price is 4.27 yuan/ton, extract industrial salt (KCL).

Potassium is one of the most shortage of non-metallic products in our country, has proven reserves of potassium accounted for only 0.002% of the world's reserves, and distributed unevenly, out of the ground is not much. More than 80% of the potash resources in China need to import, more than 95% of these potash is potassium chloride, domestic potash especially potassium chloride product market demand is huge.In addition, the sintering ashes calcium oxide, sodium oxide, copper, lead, arsenic trioxide of metal and compound content is high (individual samples also contain gold and silver), these resources can be into.

Fire phoenix company chairman Yi Dehua told our reporter, relying on the yunnan university, yunnan nonferrous metal research institute and technical support of panzhihua iron and steel research institute, in ensure sintered ash and high concentration brine under the premise of all resource utilization, no longer produces new waste residue, waste gas, waste water.

Theoretical calculations, after using the resource utilization technology, sintering ashes will no longer be recycled, calculated on every 45 tons of sintered ash handling, can save nearly 18000 tons of coal a year, worth about $27 million. Press sintering ashes 12% lead content, each year can save 1350 tons of raw coal, worth about $1.8 million. Add sintering ashes silicate heat consumption and other harmful impurities, can save energy spending 33 million yuan each year.

A sharp drop in September mills benefit

Iron and steel industry benefits after the rebound in August, September began to fell sharply. Imported iron ore prices, steel sales prices are down, and corporate debt ratio increases,Hot rolled carbon steel seamless pipe iron and steel enterprises again fell back to the difficult pattern, and the most difficult situation or in the fourth quarter of this year.

Yesterday hosted by the Chinese society for metals, metallurgical industry planning institute to undertake the "2013 China iron and steel technology (the second) economic high-end BBS",Welding Socket Weld slip on flange vice executive director of the Chinese society for metals Wang Tianyi said that the current iron and steel industry is facing unprecedented difficulties, and this difficulty will continue to exist in a long period of time in the future. Difficulties mainly displays in the iron and steel industry at present stage in the decline of the industry benefit and enterprise capital increasingly nervous these two aspects.

Wang Tianyi pointed out that on the one hand,ASTM A53 carbon steel seamless pipe the rapid growth of steel production capacity and actual production, ore price is high, steel sales prices continue downward, causing the decline of the industry benefits; , on the other hand,114mm carbon seamless steel pipe china suppliers corporate debt ratio increases, its own funds to reduce, leading to enterprise funds nervous, individual companies or even at the risk of capital chain rupture.

The difficulty of "industry is the country has long been expansionary economic policies and enterprise common result of extensive management." Wang Tianyi said. "the reason of complexity and the change of the situation at home and abroad decided the difficulties there will be a long time, Xu Kuangdi director had been expected to after 5 to 10 years."
"Perhaps the most difficult time is 11, 12 months, after entering the winter, the north (steel) demand will reduce some." QuXiuLi, deputy secretary-general of the China iron and steel association, said the country will maintain the continuity and consistency of macroeconomic policy, and will not be issued a massive economic stimulus policies and measures, but increases the shanty towns transformation, the urban railway construction, energy conservation and environmental protection investment and new urbanization pace, is expected in the fourth quarter of this year, the national steel demand will continue to maintain a small increase.

QuXiuLi thinks, at present the world economic growth, but China remains the world's major economies, China's economy expanded by 7.8% in 2013, is expected to maintain steady growth. In the fourth quarter steel demand will keep growing, but affected by the financial strain and so on, not too big, should be a slight fluctuation.

Li xinchuang, deputy secretary-general of the China iron and steel association, said from the current situation, the crude steel production is still high, steel inventories decline in a row, but steel prices unchanged, and the ore price is still high. "The steel market trend of late September, and manufacturing of the main or the investment."
According to cisa statistics show that in late August 2013 national key mills aim of crude steel output rose 0.07% to 1.7402 million tons; Forecasts for China in late August crude steel output 2.1192 million tons, ten-day rose 0.05%. In addition, the national steel stocks have been falling for 25 weeks, a cumulative drop of 35.51%. And according to my steel net, index of tangshan billet continuous downward in September, on September 2-13, the index fell to 93.6 from 96.5, the current channel is still in the fall.

A significant increase of government subsidies

Cisa statistics show that the first 7 months of the year 86 iron and steel enterprises achieved a profit SCH40 large diameter LSAW steel pipe of RMB 4.9 billion nationwide, an increase of 4.6 billion yuan over last year. By steel prices rebounded in July, 86 key statistics of the iron and steel enterprises to profit, when monthly profit of 2.3 billion yuan, sales income margin of 0.77%, to its highest since this year.But overall, in the first half of this year the business situation of China's steel industry is still weak. Cisa's statistics show that in the first half of the iron and steel industry average profit rate is only 0.13%, the lowest level in the industry, profits of per ton steel once only 0.43 yuan.

Under the background of the overall 5D induction bends 90 degree downturn, many center daily news listed steel companies are showing signs of improvement. Wind, 33 listed steel companies announced the cumulative net profit of 3.818 billion yuan, 2.726 billion yuan from last year's growth of 40%. 19 companies net profit year-on-year, accounted for 57.58%, 11 losses. Although the situation is still not very optimistic, but from the point of performance, there have been some recovery.

Wuhan in the first half of the profit of 460 million yuan, up 241% from a year earlier. Anshan iron and steel in the first half of the profit of 702 million yuan, the loss of 1.976 billion yuan over the same period last year. Masteel although the loss of 333 million yuan, ANSI B16.9 A234 WPB 180 Deg Elbow but compared to the same loss-mitigation 1.56 billion yuan.
Steel mills profit growth and a sharp loss-mitigation, last year from a lower base or a decrease in the prices of the raw material. But can also be found from the center daily news, in which government subsidies play an important role. The personage inside course of study says, relying on government blood transfusion has become many steel mills loss-mitigation even posted a profit.

Shares in wisco as an example, the company in the first half of the business income is 44.398 billion yuan, fell 2.01% year on year; But belonging to shareholders of listed companies net profit of 461 million yuan, up 241.32% from a year earlier. It is worth noting that wisco shares in the first half of the non-operating income is 46.397 million yuan, Carbon Steel Slip On Raised Face Flange of which the government subsidies totaling 42.534 million yuan.

The phenomenon of government subsidies to modify performance is not alone. In the first half of this year, in addition to wisco, LingGang stake, shaw descibes structure, and other enterprises are supported by the local government subsidies of different level.

The first implementation of the interim, LingGang shares revenue was 7.33 billion yuan, up 10.96% from a year earlier, the net profit of 36.9273 million yuan, up 115.92% from a year earlier, a profit. The loss of 232 million yuan over the same period of last year, a magic weapon turnround from government subsidies. LingGang shares in the first half of the total gain huge subsidies of 380 million yuan of local government. Besides, first-half net profit attributable to shareholders of listed companies is 7.39 million yuan of hangxiao, also in the first half of this year received a government subsidy of up to 3.02 million yuan.

In recent three years, the steel industry net profit decline year by year, iron and steel enterprises receive government subsidies amount is increasing year by year. Statistics show that Shanghai and shenzhen two city 35 steel mills in 2010, 2011 and 2012, respectively, received government subsidies of 1.343 billion yuan, 3.057 billion yuan, 6.146 billion yuan.

The personage inside course of study says, the current steel industry profit margin is so low, is mainly a lot is inherently loss-making enterprises, under the government subsidies to support, to continue the act of selling goods below cost, distorting the market order. Individual companies, irrespective of the market rule of dead support for the whole industry with swallowing.

The real estate market differentiation would be the norm in the future

In the country since the beginning of the American carbon steel eccentric reducer year, more than 600 in the city, some big cities is still obvious rise in value, most cities housing prices basically ANSI Sch40 butt welding eccentric reducer pipe fittings stable, a few cities housing prices downward trend; Brand enterprises in the first half performance is good, but there are also some enterprises still face funding pressure, the plight of sales is difficult.

"After more than ten years the rapid Low pressure fluid conveying with welded steel pipe development of the real estate market can be expected that China's real estate market has bid farewell to the monolithic structure, differentiation in the future will be the norm," she said.Qin hong believes that the reason behind the differentiation of the urban real estate market, mainly the population imbalance of current demand ASTM A106 Fluid Steel Tube growth. Especially a large number of young people to more jobs, better public services of city agglomeration, generate a lot of demand for housing.
Relative to the increase in demand, insufficient supply of main cities are significantly during the first half of the year. According to qin hong, until this year in June, the eastern part of the residential area of new development or a negative 0.6%, reduce 10.1%, including Beijing, Shanghai fell 13.2%.

Just released middle school cities house price index, for the investigation of most cities, rising cost pressure still exists, a nationwide prices rally has continued for 15 months.In market speculation in wenzhou to loosen real estate policies such as a special case, or tending to relax, means that the overall regulation of zhengzhou said it would take a number of measures, including tightening restrictions, in order to keep the housing price is relatively stable.

According to zhengzhou and other places "restricted" upgrade, qin hong believes that the main reason should be the government to implement announced earlier this year house price control targets, realize commitment."In those caused by insufficient supply of urban housing prices rising too fast, the government wants to achieve in a short time fall in property prices, 'restricted' upgrade can yet be regarded as a kind of emergency measures for reducing the contradiction of supply and demand is also the necessary measures," she said.

Around but she also pointed out that supply and demand of the local government must have more predictable, want to have a "thin", "blocked" combination of policies and measures, or only on the effect of "wall" is unsustainable.

Provide financial support during the global financial crisis

Paley's managing director Paul Arndt Carbon Steel Slip On Raised Face Flange said in the announcement, zhongjin lingnan's bid is paley, shareholders in the challenging global economic environment, SCH40 large diameter LSAW steel pipe attractive investment opportunities at a premium.

Paley says, if a separate report showed that ANSI B16.9 A234 WPB 180 Deg Elbow the trade in the best interest of the minority shareholders, and there are no other offer, company directors will support the proposal. The deal has yet to be approved by the Chinese and Australian regulators.

Zhongjin lingnan early in 2009 to accept the hydraulic equal tee carbon steel pipe fitting purchase mode and strategic alliance agreement for the first time a stake in zechariah. The content of the strategic alliance agreement includes to provide financial support during the global financial crisis, as well as offering paley, zhongjin lingnan China market information.
Paley said, in the December issue of the shareholders is expected to vote on the proposal at the meeting.

Yearly salary 250000 oil in place class cadres

On August 25, sasac website announced that in October 31 2013 state-owned assets supervision and administration system of 180 degree elbow pipe fitting asme b16.9 steel elbow supervision enterprise employees salary survey work.
This survey is aimed at the provinces, autonomous regions and municipalities directly under the central government and cities under separate state planning and xinjiang production and construction corps Electric Resistance Welded carbon steel pipe sasac sponsor responsibilities of enterprises, and the central enterprises, and for the first time the state worker "wage income" into the scope of investigation.

"At present, state executives and ordinary workers wage income gap is more and more big, the average gap is close to 20 times, some enterprises CEO salaries or even one hundred times higher than schedule 40 hot dipped galvanized steel tubing ordinary workers." Sasac research center researcher distinguished MingZhong off an interview with time weekly reporter said.

In the past, state the worker's wage income outside, including workers' welfare, compensatory endowment insurance premium Used for water transportation low pressure steel pipes income (enterprise annuity), supplementary medical insurance, housing accumulation fund, all kinds of commercial insurance and so on, has not been included in the state-owned assets supervision and administration of state-owned enterprise total wages statistics and standardize the management.

In take off MingZhong view, the state-owned assets supervision and administration commission of the state council has launched soe employees salary survey may be based on two reasons, one is the response of the state council announced at the beginning of the several opinions about deepening the reform of the income distribution system, heralds the state-owned assets supervision and administration is rushing to research the income distribution system reform of state-owned enterprises supporting scheme and the detailed rules for the implementation.

The second is to strengthen the foundation of the state-owned enterprise income distribution regulation, improve the work of supervision enterprise income distribution regulation of state-owned assets supervision and administration system of scientific, reasonable and accurate.In fact, dominated by the state-owned assets supervision and administration compensation investigation since 2007 for a year, but the result was never published. And the departments of state and the operation is caused people curious about the height of the topic: how the state employee salaries and benefits?

Electronic billing platform to upgrade

Paid tong company has upgraded its electronic bills of Shanghai public service platform construction, promote 45 degree short radius pipe fitting elbows the electronic billing website search engine upgrade for bill, provide more convenient service for electronic bills for users.

In brand new electronic billing 3D eblow Carbon Steel pipe fittings homepage, users only need to input the bill number, just a quick query to the serial number corresponding to the water, electricity, gas, mobile phones, fixed-line, broadband and cable and other utilities bills, and complete the electronic billing application on the same page.

Electronic bills, according to data from API oil welded steel pipe the site in 2012 Shanghai residents successfully applied for 1.7 million electronic bills, overfulfilled the municipal government "projects" promote the use of 1 million electronic bills "goal. So far, electronic billing website successful applications already broke through the 2 million mark, this is equivalent to protect the 6000 around the tree.

Edge of zero growth for garment industry

According to the national bureau of statistics figures, July industrial enterprises above designated size total profit growth of 11.6% than the same period last year, growth 180 degree elbow pipe fitting asme b16.9 steel elbow is 5.3% higher than that of in June. Among them, the main activities of profit of 345.5 billion yuan, an increase of 1.8%, and 2.3% decline in June.Don't carefully, most industry profit is low. In 36 released by the national industry, six become a single-digit growth, fifty percent lower than fifty percent. Some traditional industry profit growth is low. The edge of the garment industry, in particular, to zero growth.

Is China's first textile network analyst wang forward believes that it has to do with global market situation is not astm a234 seamless carbon steel tee good, because the European and American markets have not recovered to levels last seen before the financial crisis, the overall downturn, and a seasonal fluctuations, the textile industry is no fundamental improvement in operating performance. In addition, under the influence of backward production capacity, etc.

Guangzhou garment industry association secretary-general Wu Zhenghong argues that due to international demand, blow is too API oil welded steel pipe big for the textile and garment industry, in addition labor costs rise quickly, leading to some garment factories closed or moved out of guangdong province, the situation is grim.

Industrial SiHePing national bureau of statistics, said Dr In July, according to the calculation of main business income main activity profit margins of 4.23%, compared with the same period last year dropped by 0.28%. Unit costs are still rising, the purchasing prices of raw materials fell less than producer prices drop and labor costs rise faster, the influence of every one hundred yuan of main business income of the cost of 87.07 yuan, 0.81 yuan more than the same period last year.

Masteel interim loss narrowed to 332 million they judged the yuan currency

Ma on shan steel released a report by June 31 interim results, losses over the same period last year to 1.892 billion yuan (the same below), narrowed to $332 million, a loss of 4.3, don't send middle hemispherical pipe cap manufacturer in china rate.Company is expected to continue to losses in the first three quarter this year, mainly because of its high raw material prices rise, and the company by the end of this report the final is still losing money.

During the period of business income is 36.952 billion yuan, down 8.95% on a yearly basis. Among them, the steel business Long Radius 90 Deg carbon seamless elbow revenue fell 9.11% to 30.046 billion yuan, the gross profit margin increased from 6.54% to 2.88%.

Pig iron is produced in the first half of the group of 8.79 million tons, 8.99 million tons of crude steel, steel 8.99 million tons, respectively, than the same period last year increased by 3.41%, 4.90% and 6.75%, the company production of pig iron 6.71 million tons, 6.94 million Q235 seamless carbon steel pipe tons of crude steel, steel 6.94 million tons, according to the year increased by 2.60%, 5.15% and 2.60% respectively. Group sales of steel 8.671 million tons, of which the plate 3.747 million tons, 1.289 million tons of steel, wire rod, 3.55 million tons of train wheel and 85000 tons of ring.

China's mines to face challenges

In 2012 per capita steel-producing 535 kg/person ˙, is close to or reached the developed countries, such as the United States, Japan, the same level. But because our country lack of scrap steel, cast iron growth rate is high, the domestic iron ore production is insufficient to support production of pig iron, iron ore external dependence nearly 70% in 2012. China's iron ore industry development huge achievement, but with the xs long radius 90 degree welded carbon steel elbow iron and steel industry development are not synchronized, compared with the demand. Mainly displays in:

(1) insufficient resources, domestic iron ore production is insufficient to support the needs of the domestic iron and steel production. According to the data analysis, the global iron ore reserves of 170 billion tons in 2012, mainly in Russia, Ukraine, Australia, Brazil, China, west Africa and other places. Among them, China's reserves of 5.667 billion tons, apparently with the Chinese steel production and the huge market demand does not adapt. Iron ore resources, poor, less impurity and mining life shorter carbon steel seamless eccentric reducer obviously, in the iron ore grade is on the decline, down from an average grade of 33% in 2000 to 28% in 2011.

(2) low industrial concentration, scale and ability are relatively weak, difficult to compete with the international mining giant. According to the relevant information to the iron mining enterprise is high-frequency ERW carbon steel tube numerous, but 88.77% is small mines, large mine accounts for only 1.72%.

(3) domestic taxes on iron mining enterprise, the enterprise core competitive ability is weak. According to the relevant data analysis, in recent years, the domestic iron ore concentrate fully cost in 550-900 yuan/ton, or about $75 - $145 / ton, an average of 625 yuan/ton, about a third of the iron concentrate cost more than $110 / ton. While the mining company cost in Australia, Brazil, India only 40 to 60 dollars/tons. In addition to the resource conditions differences, an important reason is that the domestic iron ore mine enterprise tax, the tax on enterprises up to 25 species, 12 kinds of taxes, 13 kinds of cost, sales taxes rise of 25% on average, sales tax rate highest iron ore mine in 2012 reached 35.42%, every tons of iron essence pink pay various taxes and fees for an average of 200 yuan, this is not only higher than iron ore mine in Australia, Brazil, only 4-5% tax rate and also higher than the average level in 6% of the domestic enterprises. Tax and fee burden is overweight seriously affect the domestic iron ore mine development and normal production and operation, affect the return to a reasonable price of imported iron ore, also affect the profitability of the steel industry.

(4) the "going out" unsatisfactory, rights and interests of imported ore, imported ore market chaos, pricing power disciplined by others. By 2011, China has implemented the rights and interests of overseas mining project total scale of 60 million tons/year, about 8.06% of total imports. Mainly include: sinosteel wa just the ore 10 million tons/year, baosteel wa treasure huarui company 10 million tons/year, baosteel's Brazilian treasure raj company 6 million tons/year, shougang Peru ore 7.6 million tons/year. Overseas mining project is implementing overall size is about 80 million tons/year, citic Pacific SiNo ore 24 million tons/year, anshan carrara iron ore 8 million tons/year, 12 million t/t, western wei lala company wisco, Liberia mountain iron ore 10 million tons/year. In the negotiation of a guinea, Cameroon, Gabon, Madagascar, projects, the total size of about 180 million tons/year. Chinese enterprises to go out for iron ore resources is facing huge challenges and risks. Prominent problems are: (1) the width and depth of the pre-project is insufficient, lack of necessary exploration and test, the feasibility study, the preliminary works such as eia. (2) the railways, ports and other infrastructure to become major constraints, such as guinea simao du project, to build a 650 km railway, 250000 tons of deep water port, a total investment of more than $12 billion. (3) mine construction investment is huge, enterprise alone, a striking lack of strength, the construction of 10 million tons/year of mine, an average of about $1.8 billion to guinea ore talks with a total investment of up to $18 billion, the enterprise under strain. (4) overseas mining unit investment cost is high, the financial income is not high, according to predict most of the investment project tons of ore to more than $100. For example carrara mining tons of mining investment cost $298, offshore cost $93.3 / ton. (5) the government's policy support is not enough.

In the international iron ore market monopolized by a few miners fact, under the condition of Chinese enterprises is weak for a long time, lack of voice, pricing, import ore prices remain high for a long time. From 2000 to 2011 in the three major mining control more than 60% of the trade, under the situation of our country imported ore prices rose to $163.8 from $26.55 / ton/tons, compared (1998-1998 annual average price), a total of more than pay billions of dollars.

Electricity financialization of forks

On August 21, market an important news: su ning official confirmed to the media, the company is apply to the relevant departments to set up the "suning bank". It is reported, suning has API oil welded steel pipe registered the domain name "suningbank.com". In the electricity business financial under siege from the pool of the smoke, as a third of B2C electronic business platform, domestic suning at this time to apply for a banking licence what? Whether financial attributes are derived from the electric business platform to find a new path? Why not do bank financial ali?

Started with electric business platform for online shopping and electricity financialization is platform data accumulation and the inevitable development trend of use of credit. Development to a black carbon steel butt welded concentric reducer certain degree of commercial credit and bank credit effective docking. At present, Banks and electric business platform is the comparison of the two credit accumulation of detailed, have the perfect data pool credit data using potential.

On the performance, the bank data accumulation time is long, structured feature is not obvious, and most of the lack of consciousness of sensitive data; Electric business platform as a rising star in the ASTM A234 socket welding pipe fitting tee field of credit, is itself and flow, data dealing with everyday, by the online trading information for commodities sales, and gather the sticky, so the hierarchical, structured more complete, the data flow of the reaction is more agile.

Electricity (back to retail) do to a certain extent, it is not surprising that the derived financial attribute. Wal-mart once want to set up a bank, but the regulators don't release, the reason is that ecological damage Banks, easy cause deadly threat to American community Banks, small and medium-sized Banks. Analysis from the essence, electricity financialization seemingly "cross-combination", is actually the cash flow and information flow. Banks and electricity actually represent the two kinds of flow, one is the cash flow, information flow is a commodity trading. With the improvement of electronic level, have the electricity traders began to how commodity trading platform directly, because consumers directly through the electricity, the front end to achieve the buying and selling goods and the expression of spending power, without the need to hold large amounts of cash to do direct trading market. So, through the third-party payment, electricity for the connection of the cash flow and information flow, completed only in the traditional sense unique payment and bank credit function.

Su Ningyun traders apply at this time, open suning bank, is in effect for a long time or just borrowed regulators "allowed to set up own risk of private bank" of the east wind? The beginning of the first, let's review our electricity financialization: electricity between Banks and financial cooperation.Electricity financialization initial performance is a third-party payment, such as pay treasure, its function is online payment, such as water and electricity gas life and transfers and payments. By the second stage, the electricity business data, credit accumulation full-fledged, begin to seek cooperative development and bank credit business, this is the good commercial credit and docking bank credit. Such as alibaba, as early as 2007 and China construction bank, icbc has established cooperative relations, the development of the network credit, business in zhejiang, Shanghai, fujian and other places. But due to the credit audit, wind control concept and fundamental conflicts between the distribution of interests, finally parted ways. It also fully shows that electricity ecological credit and bank credit docking needs a transformation mechanism, and the mechanism needs to be in the financial development of the Internet to a more mature stage to produce smoothly. The jingdong cooperation with bank of China supply chain finance, B2B platform hc360, dunhuang nets, is still a mode of electricity + bank, just bank before electricity made more concessions. In the short term, they, electricity won the bank's cash flow, and the bank received a commodity information and deal flow, to avoid the "background". But as to the cooperation to avoid cracks.

Dolphin nova 2013 brightness in the puzzle

Recently, the astronomer, Japan through male, one with a telescope in the region of the dolphin discovered a new star, is now the international inspection has been named dolphin nova 2013. It is understood that the star was very faint, after the outbreak of brightness has increased about one hundred thousand times, 18, purple mountain observatory, wang sichao, a researcher at the amateur astronomers makes a detailed analysis, concentric reducer steel pipe fittings and said, a bright star is rare astronomical phenomenon, dolphin nova 2013 now have begun to slowly dimmed, but still visible to the naked eye.

Learned, on August 14, the Japanese astronomers plate through 18 cm in diameter with a male with a small telescope of CCD, discovered a new star in the dolphin area, intensity of 6.3, etc., have examined the international has been named dolphin nova 2013. On August 16, the star's brightness rose to 4.4, visible to the naked eye. By comparing the map, the star was very ansi b16.5 class 150 weld neck flange faint, 17 stars, such as this showed us that the dolphins nova 2013 after the outbreak of brightness has increased about one hundred thousand times.

For dolphin star in 2013 after the outbreak of brightness, wang sichao, image interpretation: "the new star from the Milky Way is far away from the earth in a pair of close binary, the binary, turning around each other close. One is white, is a" little overlord ", a White Dwarf was short, and star is old age, but still have a lot of power, its density is high, the size of a ansi b16.5 forged Slip on flange 300lbs small cube sugar substances have a ton of quality; and the other a star is similar to that of the sun some ordinary stars, it is every minute for a White Dwarf "tribute" to the star on a large amount of hydrogen material like this continuously flows to the surface of the White Dwarf, piling up more and more thick, is caused by a nuclear explosion, and the "little overlord" White Dwarf continues to draw another star hydrogen material, wait for the next nuclear explosion. So the "little overlord" after long years, from time to time in the Milky Way shake a shake it down a peg or two."

It is understood that the dolphins nova 2013 is located in the dolphin, the sagitta and fox, said wang sichao, a bright star is rare astronomical phenomenon, dolphin nova 2013 now have begun to slowly dimmed, but there are still five star brightness, such as visible to the naked eye, will appear in the southeastern sky after dark.

China's house prices data severely undervalued

Chinese statistics have long raised people's question. Peking University HSBC school of business, a study found that between 2000 and 2011, by means of the official prices, China's actual CPI data should be 1% higher than the official figures, which makes the 4 inch SCH40 Seamless steel pipe country's real GDP decreased by 8% - 12% than the official data, the size is about 1 trillion dollars.

Some economists have questioned China's economic data, but an associate professor of Peking University HSBC school of business, Christopher Balding recent research carried out a quantitative statistics of the black carbon steel butt welded concentric reducer country's deviation.Balding, said: "there is reliable evidence to the surface, China's real GDP growth and real GDP scale may eventually be significantly overvalued."

Based on the research of the data from 2000 to 2011, Balding found inflation data manipulation, it distorts the GDP and disposable income.Balding, said: "if inflation data is not accurate, or by deliberate carbon steel threaded connections tee manipulation, will also affect many aspects of economic and financial, but with the passage of time, this will lead to great deviation."

In this report, Balding pay special attention to the housing data, which is one of the biggest weight project statistics of the CPI. China's booming economy lead to people migrating from the countryside to expanding cities, resulting in developed areas as rising house prices "rocket". However, China's official statistics show that rural housing prices rise is higher than the city.

23 provinces in fixed investment growth year-on-year fall back

The national bureau of statistics data show that in the first half of the western region of investment in fixed assets of 4.417 trillion yuan, up 22.7% from a year earlier, the growth rate fell 1.2% year-on-year, than in the first quarter fell 1.5%. The eastern region of investment in fixed assets of 8.6741 trillion yuan, up 18.7% from a year earlier, the growth rate ASTM A106 seamless carbon steel tube fell 0.6% year-on-year, than in the first quarter fell 0.7%. In central area of investment in fixed assets of 4.9509 trillion yuan, up 23.6% from a year earlier, the growth rate fell 1.7% year-on-year, than in the first quarter fell 0.5%.

In the first half, most provinces in fixed investment growth year-on-year fall back. News of finance and economics channel statistics, in the first half of the national total of 23 provinces in fixed investment growth than the same period last year dropped, but Tibet, yunnan, ASME B16.9 45 Deg Long Radius butt weld Elbow Shanghai, guangdong, shanxi and other eight provinces growth in the back. Beijing and Shanghai fixed investment growth of 7.4% and 12.1% respectively, the first and last in the second place.

Although most provinces growth is a broad retreat, but in the western region of the fixed investment growth is still faster. In the growth of the top ten provinces has eight is a western province, respectively is: Tibet, qinghai, gansu, xinjiang, guizhou, yunnan, ningxia and shaanxi.

According to the news of finance and economics 45 degree short radius pipe fitting elbows channel statistics, in all provinces, total fixed investment in jiangsu province in 1.6557 trillion, no. 1. And: in the first half of the total fixed investment trillions of provinces of shandong, liaoning, henan and sichuan, 1.50098 trillion, 1.11915 trillion, 10858.57, and 1.03065 trillion, respectively, in turn, came in second to fifth place.

Fixed investment growth despite a strong western province, but compared to the middle and eastern, is far behind on the investment. In the first half of the total fixed investment last in three, respectively is: three provinces, such as Tibet, ningxia and qinghai investment are less than billions, in the order: 31.718 billion, 94.584 billion and 97.007 billion.

China's new transformation scheme will change the world shipbuilding industry pattern

Size of the world's first Chinese shipping industry will be new changes in the future several years, are gradually closed, backward and excess capacity of production factors flow to China's high-end field not only occupy the number in the pattern of world shipbuilding industry advantage, will also show technology advantage.
Shipbuilding financing this intensive, technology intensive and labor intensive, a long industrial chain, are some of the world's industrial powers, economic power, a competitive industry.

China's state council has issued the shipping industry to speed up structural adjustment to promote transformation and Long Radius 90 Deg carbon seamless elbow upgrading plan (2013-2015) ", emphasizes on improving the structure of the product structure, improve technology, optimizing organization structure, adjust the layout structure, dissolve excess capacity contradictions, improve industry core competitiveness.Chinese shipping information says Li Yanqing, director of the center in the program for the development of Chinese shipbuilding industry structural adjustment and industrial upgrading, to builds power, Marine shipbuilding powers for the strategic objectives of the proposed.In 2010, China shipbuilding completions, undertake new ship orders, holding a ship orders full beyond the south on the three indicators, to become the world's first big shipbuilding. However, high technology, high value-added shipbuilding still control such as Japan, South Korea.

China shipbuilding industry association, according to data from June 1, 2013, China's three important indicators of the foregoing respectively accounted for 39.1% of the world's market share, 43, 44, 2% and 1%.China shipping Hot rolled galvanized carbon steel pipe industry for a long time, however, there is capacity for independent innovation is not strong, low level repeated investment, lagging development of Marine equipment, Marine engineering equipment development is slow.After the outbreak of the international financial crisis, the international shipping market continues to weaken, the problems of China's shipbuilding industry overcapacity contradiction unprecedented increase, in particular, industry development face serious challenges.

Between January and June 2013, the Chinese shipbuilding completions fell 36% year on year, at the end of June with ship orders fell 13.4% year on year.The international market demand atrophy caused some of China's shipbuilding enterprise into a dilemma, was forced to shut down part of the workshop and a large number of layoffs. Because of shipbuilding market offer a lot of credit funds, which caused the industry's worries about the financial bad debts.Founded in 2004, China's largest private shipbuilding enterprise rongsheng heavy industries group, design with an annual output of 8 million deadweight tons of all kinds of ship and ocean engineering, ambitious development goals.

The group in early July this year, said an announcement "global shipbuilding market demand continues to decline, the 3D eblow Carbon Steel pipe fittings new shipping prices failed to pick up. For the shipbuilding industry, Banks and other financial institutions to provide credit financing have tightened to the shipbuilders, many shipowners' delay, to negotiate and shipbuilders in arrears payment", "the above factors to this group in recent months, the pressure of working capital".Li Yanqing says development way behind in shipbuilding enterprises struggle, only speed up structural adjustment, transformation and upgrading can effectively cope with the new competition, fundamentally solve the problem of industry development way.
Recently released by the ministry of finance industry in China, according to the analysis of economic operation of China shipbuilding industry capacity utilization rate is only 50% or so throughout the year.Between January and June 2013, China's ship industry 80 key monitoring enterprises to complete the export value of 78.4 billion yuan, down 24.7% year-on-year; Main business income is 120.3 billion yuan, fell 18.5% year on year; The total profit of 3.58 billion yuan, fell 53.6% year on year.

Li Yanqing said, only from the perspective of the shipbuilding capacity utilization stay above 85% is acceptable and better level. China's shipbuilding powers, rather than power. A shipbuilding power enterprises, in the business operation revenues, profits and other indicators should be based on sound, continuous innovation is the main method of maintaining excess profits.At present, China's shipbuilding industry is still in oil tanker, bulk carrier, container ship and so on three big mainstream ship type is given priority to, in the face of international ship market demand structure change, the shipbuilding industry of China in high-end technical reserves and products structure defects, excess production capacity of low value-added products.Since this year, the yen, the substantial depreciation of the won, the renminbi is rising, the gradual loss of China shipyard relative to Japan and South Korea shipyard price advantage. China shipbuilding industry only improve labor productivity, technology progress, to get rid of the monetary factors, deal with all kinds of the international situation changes.

Urban per capita disposable income and rural per capita net income of the average annual growth of more than 7% in real terms

Looking for a healthy sustainable economic growth and reasonable interval is a trial and error, optimization of process continuously, from the "tenth five-year plan" the 12th five-year plan is already quite mature, and become more balanced and compatible multi-objective macroeconomic regulation and control system. Such as "twelfth five-year" plan of macroeconomic regulation and control goal: gross domestic product (GDP) grew by an average of 7% a year, 45 million new jobs for urban residents and to control urban registered unemployment rate within 5%, the overall price level basically stable, basic balance international payments tend to. In addition to the "urban per capita disposable income and rural per capita net income of the average annual growth of more than 7% in real terms" target. It's "twelfth five-year" period are given the pipe fitting 45 degree LR elbows reasonable range of the economic growth in China, I think, as long as to achieve the goal, China's economic growth is not only a healthy, also is of high quality.

Why the 12th five-year plan outline for both positive and sound macroeconomic goals? In March 2011 of the state council's then prime minister, wen jiabao explained: "the overall consideration is that for the transformation of the mode of economic development to create a good environment, guide all aspects of the work focus on accelerating economic structural adjustment, improve the quality and efficiency of development, the increase in employment and improve people's livelihood and promote social harmony."

From "twelfth five-year" in the first two years (2011, 2012), the implementation of the evaluation, the average growth rate of 8.3%, higher than 7% of the expected goals. CPI annual average 45 degree short radius pipe fitting elbows increase rate of 4.0%, less than 5% of the "limit"; From the point of view of energy conservation and emissions reduction, the unit GDP energy consumption was reduced by 5.5%, 34.4% of the completed the planning objectives, two years have fallen below the 40% requirement, per unit of GDP carbon dioxide emissions decreased more than 5%, lagging behind the schedule planning requirements; From the employment point of view, the two years 24.87 million new jobs in cities and towns population, considerably more than was the 18 million target, the registered unemployment rate in two years are controlled at 4.1%, less than 5.0% of the target requirements, urban and rural residents per capita disposable income increased by 9.0% and 11.0%, respectively, than is greater than the 7.0% target.

Even if the economic growth rate fell to 7.6% in the first half of this year, is still in the reasonable range. Although growth has slowed, but the record in the first half of the new urban employment population, 7.32 million, equivalent to 81% of the 9 million goals throughout the year, the number of new migrant workers migrant workers is 4.44 million people, the consumer price index rose 2.4% year-on-year, rural per capita cash income grew by 9.2% in real terms, just urban per capita disposable income of the actual growth rate wasn't up to more than 7% of the target, only 6.5%. China's economy is 90 degree pipe fitting long radius elbow still stable and healthy.

From a global perspective, China's economic growth rate is the highest one of the country or region, in the context of global economic growth slowed sharply, and China's growing integration of the world economic growth and trade growth rate is also very normal. Indeed, China's economic growth has a downward trend, both the reasonable place, also have a rational, which is based on "twelfth five-year" plan of adaptive adjustment actively. As prime minister li puts forward "with into in steady economic structure adjustment, transformation and upgrading of quality". We don't have to China's economic "hard landing" alarmist, not from random condition, more can't easily change is macroeconomic objectives and policies.

Chongqing real estate group debt ratio is reasonable

As early as in 2009, the central bank, the China banking regulatory commission has said, the financial institutions to support enterprise, issue corporate bonds. In early June 2011, the national development and reform commission issued a "about using the bond financing support of affordable housing construction related issues notice", support eligible local government investment and financing platform companies and other enterprises, 1 through the issuance of enterprise bonds financing affordable housing project.

Fangyuan property, chief analyst at Deng Hao in an interview with the daily economic news "reporter said, corporate approval time is too long, and affordable housing low profit is enterprise, is not willing to participate in the main reason, so even if a financing platform, willing to participate in the enterprise, also is not much.

"Daily economic news" reporter noted that chongqing real estate group corporate bonds in the national development and reform commission approved the issuance of 1.8 billion yuan, have issued more than corporate bonds. Among them, a recent corporate happened in August 2012, in the Shanghai 2 stock exchange issued 5 billion yuan to success.

The year, according to the guotai junan's official website on July 10, chongqing real estate group and repayment of corporate bonds issued a total of 7.3 billion yuan. If plus the plans to issue 1.8 billion yuan, chongqing real estate group will be more than 9 billion yuan of corporate bonds, fundraising purposes involves the jiulongpo district HuaYan group, has in chongqing new north zone (CNNZ) group and the mandarin duck group in 3 chongqing new north zone (CNNZ) 3 public rental housing and PeiJian low-rent housing construction project.

Guotai junan analysis according to the report, by the end of 2012, chongqing real estate group asset-liability ratio is close to 65%, in the reasonable scope of liabilities structure mainly composed of long-term debt, short-term debt is less, the issuer larger assets, debt structure is reasonable, operate in good condition, debt paying ability strong ".

In the foreign trade industry

"Some of the data (for example, the PMI purchasing managers' index) reflects the initial indications that external demand situation might be stabilizing, but the short-term outlook remains cautious. The key question is the import of strong growth trend will continue." The ministry of commerce official said, "this may depend on the Chinese government's recent continuous penetration of fine-tuning measures. Most of these fine-tuning measures were introduced in July, to full penetration and improve the level of SCH80 ERW Steel Pipe demand might also need some time."

To complete 8% of the stated goals throughout the year he still showed a certain confidence.The Chinese government has set in early 2013, import and export growth target is 8%. According to data released by the customs general administration, import and export gross July 1 - up 8.5% from a year black gas steel pipe factories in china earlier.In July the rebound in foreign trade data is may only be a regression in normal state, "double negative" Numbers last month has a short-term factors.

China economics at anz bank research director liu ligang at anz think that "money shortage" in June after the improvement in liquidity conditions promoting the trade activities of the recovery."In the first ASME B16.9 45 Deg Long Radius butt weld Elbow two months, the bank does not give, financing or guarantee not walk without a single phenomenon." Jiangsu foreign trade dealer Mr Pan said, "the foreign trade enterprises and foreign contract between a lot of time to pull the Banks to come in, do order guarantee financing or a third party. The bank not to do, this order is canceled or delayed. Stranded for a period of time may fly list."

The ministry of commerce officials said another reason is that: "in June due to the customs control more strictly, does not exclude the pressure of single enterprise happen."
"Rather than China import and export data recovery and return to normal. Because safe trade review of the impact of the no. 20 result in May and June part of foreign trade to delay, and transferred to the data in July." Mizuho securities said shen jianguang, chief Asia economist at the same analysis.

Senior ding shuang, an economist at citigroup, China also said that in general the data better than expected, but the monthly data tend to be more volatile, if from three months on average, 3.3% growth in imports, exports are around 1%, there would be no monthly data reflect so good.

Chongqing high-strength galvanized automobile plate project construction

On the morning of August 6, the chongqing liangjiang new area fish after industrial park flags waving, lively atmosphere. Anshan iron and steel group, chongqing high-strength galvanized automobile plate project opening ceremony was held here. The project is optimize the varieties of anshan steel group structure, the important measures to promote the transformation and upgrading, to further improve the chongqing localization of automobile industry supply chain, and promote the economic and social development 114mm carbon seamless steel pipe china suppliers is of great significance.

Chongqing's mayor, huang qifan, chongqing municipal committee, liangjiang new area working committee secretary, director of LingYueMing; Zhang Guangning, zhang xiaogang, anshan iron and steel group, the head of the company more than Tang Fuping, Yao Lin, from jiangsu, Bai Jing organ, panzhihua, managing Zhang Dade; Relevant departments in charge, in chongqing liangjiang new area management committee, jiangbei, group head of the two, Siemens company responsible person to attend the opening ceremony.

Opening ceremony by the chongqing liangjiang new area vice secretary of working committee, management committee, deputy director, group chairman of the two Shang Zongwei chair.
Learned, chongqing high-strength galvanized astm a53/a106 gr.b carbon steel tube Sch 20 LSAW steel pipe automobile panels is anshan iron and steel group to carry out the scientific concept of development, transformation of the mode of economic growth, accelerate structural adjustment and industrial upgrading, the important measures for hot galvanized steel sheet production project introduction of foreign high-end technology, the main production of high strength, high quality automotive panel and thermoforming of galvanized products.

Zhang Guangning said in his speech, anshan iron and steel group, chongqing high-strength galvanized automobile panels from the negotiations and signing to today's construction, condensed the wisdom and efforts of all aspects, especially the chongqing municipal party committee municipal government, liangjiang new area departments and management committee, the relevant departments of the strong support and help in chongqing. He on ANSI Sch40 butt welding eccentric reducer pipe fittings behalf of anshan iron and steel group company, to care about and support the development of anshan iron and steel group, for a long time and attend the ceremony of ladies and gentlemen, a warm welcome and heartfelt thanks. To advance the project construction of the hard efforts of people from all walks of life sincere condolences.

"Extraordinary" investment impulse

From the point of view of the provinces for the second half of the recent economic work deployment, investment once again become the main part of the steady growth of local government. Relevant personage warns, it is necessary to prevent excessive "visible hand" of local government intervention in micro economy.

Since this year, in order to to promote economic growth, investment in some local governments for various "extraordinary" API 5L ERW Steel Pipe manufacturer investment plan, and even the merchants of the tasks to be achieved and examination appointment of cadres, part of the investment to grassroots cadres into the "hungry". City of anhui province in March this year to carry out investment promotion and capital introduction "one hundred - day race" crucial "one hundred days" "one hundred - day sprint" action, action, the city four leadership to ensure that more than one third of time and energy for investment promotion and capital introduction, investment unit principal responsible person to ensure l / 2 or more time and energy for investment promotion and capital introduction. A city of Shanxi Province of districts in the city's investment promotion and capital introduction contract project according to the monthly rank.

In may this year, lanzhou publish relevant measures, in addition to the force majeure factors, investment promotion and capital introduction unfinished task of cadres, to give processing or DangZhengJi 3D eblow Carbon Steel pipe fittings disciplinary action. A central provinces cities, the first five months of the year industrial investment growth has fallen sharply. This year, according to the city's hair change bureau, the city put forward "national catch merchants", set up 10 industrial investment promotion bureau and 59 investment team, and is introducing the responsibility target examination and Suggestions on promoting investment growth, two special files.

The expert thinks, the more under pressure from the economic downturn, the more prone to intervene in the market of local SCH80 Seamless Steel Pipe ASME B36.10M government. Especially under the state council recently cancelled and dense down a group of administrative approval items, stepped up efforts to implement and decentralization, to prevent local governments more concentrated release long repressed impulses of examination and approval, new redundant construction and overcapacity risk, suggest the standard government behavior from the system. First of all, set up the mechanism of economic decision-making responsibility shall be investigated for life. Second, cancel the investment promotion and capital introduction pegged to the cadre accountability and employment mechanism. Third, revitalize the stock investment, and help enterprises to improve management efficiency.

Yale experts see China: policies focused on the quality of economic growth

China Daily website of Yale university, a senior researcher at Stephan? Roach conducted an exclusive interview, the following is the specific content of the interview:

Stephan? Roach, senior research fellow at the Yale university) : China will policy to focus on the quality of economic growth 1.5D carbon steel pipe fitting elbows

In China, the recent credit crunch was not from the central bank independent decision, on the contrary, it reflects the major change is a national economic policy. The new leadership of China seems determined to put an end to the need of rapid economic growth, and the policy to focus on the quality of economic growth.

This change is not only reflected in China's 12th five-year plan to promote consumption policies, China appears to be changed for a long time adhere to the proactive fiscal and monetary policy. The new leadership of China policy response to the current economic slowdown, more Galvanized Astm A53 gr b round carbon steel pipe accurately, the current sound policies, the Chinese government's policy shift was verified.

China's new leadership has not launched a new round of fiscal stimulus, but content to 7.5% 7.8% of the GDP growth rate, which is much lower than previous, once as much as 10% of economic growth. But even let has now slowed economic growth continues, China's economic structure needs to be from dependence on external demand to domestic demand, from manufacturing to service industry, from centralized to resources economical growth. The new leadership of China not only reduced the growth target, also highlights SCH80 Seamless Steel Pipe ASME B36.10M the economic rebalancing goals.

In China, and the unlimited expansion of credit days are over. This is a welcome development. According to Bernstein Research, Bernstein Research estimates, China's private enterprise's debt from 140% of GDP in 2009 quickly climbed to more than 200% in early 2013, the surge velocity may have lead to the lost balance of China's further economic imbalances.

Have every reason to believe that China's new leadership has decided to get rid of a growing debt burden, especially within the rapid expansion of the shadow banking system. This position with xi, chairman of the recent "four winds" eliminate formalism and bureaucracy, the wind of hedonism and luxury.