Combing the iron and steel enterprise merger, acquisition and reorganization of incidents this year, you can see that in the event of an 18 mergers already equity acquisition, mergers and carbon steel threaded connections tee acquisitions are intangible assets and physical assets, among them, 10 for equity merger and acquisition. Specific view, has completed the acquisition of shares by baotou steel group of embellish mining co., LTD. 100% stake and a takeover of baiyun obo ore west ore mining right value maximum, is 5.929 billion yuan. The net worth of embellish mining evaluation value of 3.787716 billion yuan, baiyun obo ore west ore mining right assessment of the value of 2.14122 billion yuan. In addition, clad steel shares also decided in cash acquisition of solid Yang 100% stake in mines, the final purchase ASME B16.9 45 Deg Long Radius butt weld Elbow price remains to be determined by way of assessment.
In April, jisco group gansu HongXing iron and steel co., LTD., proposed to the particular object non-public not more than 1.086 billion shares of class A shares, to raise funds not more than 9.6 billion yuan, after deducting costs issue will be used in the yu steel support the earthquake disaster area reconstruction project and the acquisition STD seamless steel pipe ASME B36.10m tube of jisco group day stainless steel co., LTD. 100% stake. At present, the merger and acquisition is in progress.
In addition, since this year involving two steel m&a events listed company and shandong iron and steel. In February, shandong iron and steel, according to the announcement the company completed the lai steel group's new substation, waterworks, track scale, railway and molten iron transport facilities such as mergers and acquisitions, the appraisal value of 483.3666 million yuan. In August of this year, shandong iron and steel and announced the acquisition of jinan letter win coal coking co., LTD., currently, the acquisition is still in progress.
From the point of market performance, the 14 incidents involving m&a of iron and steel shares in the secondary market performance is not outstanding. Data show that since this year as of yesterday, only 5 stocks outperform over the same period the Shanghai composite index, among them, the property of Rio tinto, square big special steel, LuYin investment gains.
2013年8月27日星期二
Reverse pattern of coal business: weak
In the current industry situation, in the face of the downstream iron and steel enterprises and electric power enterprises, the coal enterprise is weak."Now coal situation reversed, the 45 degree short radius pipe fitting elbows power plant the cash is there, also don't want to use acceptance. Are they beg for us." Mr ShangSun coal trade to the "daily economic news" reporter vomit "bitter".Coal broad consultation center Zhang Zhibin coal analyst told reporters that a strong side in the deal would be willing to take the cash to hand, "take an extra day is a day, and as a buyer, they want to use the first is" white ", followed by acceptance, the last to be willing to give cash."
"On the one hand is the downstream enterprises have no money, on the other hand is coal does not sell now." A coal listed company securities, said ho when answering reporters questions in the black carbon steel butt welded concentric reducer enterprise accounts receivable growth rate close to 190%, the reason is that "during the reporting period, the company's main products adopts the model of credit increase".And the other a local large coal group sales staff told the "daily economic news" reporter, the downstream steel procurement adopt the method of acceptance is common, "with the acceptance mainly users money is tight, in order to alleviate the current funding pressure and a means of deferred payment".
According to cisa statistics, as of the ansi b16.5 forged Slip on flange 300lbs end of June, 86 large and medium-sized steel enterprises total debt has more than 3 trillion yuan, the bank loans of 1.3 trillion yuan, and profit is only 2.2 billion yuan.Chang an energy consultancy, chief analyst at Li Ting also told reporters that the increase of the coal enterprise receivables, main reason for the downstream enterprises should not appear money is tight, but the coal enterprise is at a weak position, "cash to benefits, this may be the reason for the delay payment power plant, because now the coal relatively weak, delay for a period of time, didn't also temper."
"For a few small coal enterprises, credit, if there is a big list collection a month later, cash flow as much." The personage inside course of study to evaluate such accounts receivable for coal enterprises, especially small and medium-sized enterprises.Li Ting said, accounts receivable and increased acceptance is a direct result of the enterprise cash flow problems, some companies may face the risk of capital chain rupture, enterprise reproduction problems.
"We are most reluctant to see some medium-sized coal enterprises because of the accounts receivable can't get, capital turnover behind in bankruptcy, and so on and so forth." Ren Haoning said, "but the current accounts receivable collection period is very difficult to control for coal enterprises."
"On the one hand is the downstream enterprises have no money, on the other hand is coal does not sell now." A coal listed company securities, said ho when answering reporters questions in the black carbon steel butt welded concentric reducer enterprise accounts receivable growth rate close to 190%, the reason is that "during the reporting period, the company's main products adopts the model of credit increase".And the other a local large coal group sales staff told the "daily economic news" reporter, the downstream steel procurement adopt the method of acceptance is common, "with the acceptance mainly users money is tight, in order to alleviate the current funding pressure and a means of deferred payment".
According to cisa statistics, as of the ansi b16.5 forged Slip on flange 300lbs end of June, 86 large and medium-sized steel enterprises total debt has more than 3 trillion yuan, the bank loans of 1.3 trillion yuan, and profit is only 2.2 billion yuan.Chang an energy consultancy, chief analyst at Li Ting also told reporters that the increase of the coal enterprise receivables, main reason for the downstream enterprises should not appear money is tight, but the coal enterprise is at a weak position, "cash to benefits, this may be the reason for the delay payment power plant, because now the coal relatively weak, delay for a period of time, didn't also temper."
"For a few small coal enterprises, credit, if there is a big list collection a month later, cash flow as much." The personage inside course of study to evaluate such accounts receivable for coal enterprises, especially small and medium-sized enterprises.Li Ting said, accounts receivable and increased acceptance is a direct result of the enterprise cash flow problems, some companies may face the risk of capital chain rupture, enterprise reproduction problems.
"We are most reluctant to see some medium-sized coal enterprises because of the accounts receivable can't get, capital turnover behind in bankruptcy, and so on and so forth." Ren Haoning said, "but the current accounts receivable collection period is very difficult to control for coal enterprises."
India's domestic debate for cut iron ore export taxes
The Indian government will iron ore export tax from the current 30% to 20%, ore to promote exports, alleviate the trade deficit, but the move was strongly opposed by domestic steel ASTM A234 socket welding pipe fitting tee and manufacturing immediately. Iron ore export duty is to maintain finally cut remains to be seen.
India presently there are two kinds of different points of view, a domestic mines and the ministry of commerce is required by the ore export taxes, they claimed that not only can cut export tax increase domestic iron ore production, reduce the trade deficit. Another view is that the long radius butt weld pipe elbow steel and manufacturing requirements to maintain the 30% export tax, and said, the government should not only consider the benefit of the mine, but also to the interests of the national iron and steel production and manufacturing. Iron ore export taxes to help protect the country's natural resources for a long time, meet the future development of iron and steel high-frequency ERW carbon steel tube industry, will also be implemented to 2025 2025 tons of iron and steel industry production of the guarantee of strategic objectives.
Mines and the ministry of commerce to cut export tax advice is that 60% of domestic iron ore production is powder ore, a large amount of powder ore would not be used by the domestic steel mills, currently Odisha, jharkhand, karnataka's mines stockpiling of ore fines from fiscal year 2008-09 fiscal year to 2012-13 has been increased, this part of the ore powder need to be exported until the utilization and development of the domestic steel mills.
Steel department retort that even if iron ore exports increased from 2008-09 fiscal year 105 million tons to 117 million tons, for the fiscal year 2009-10 mine powder ore inventory from 74 million tons to 90 million tons. And ore exports of 2011 tons from 2011-12 to 2012-13 in fiscal year 18 million tons, powder ore inventory only slightly from the same period of 123 million tons to 120 million tons, so that powder ore inventory should not serve as the reason for this reduction in exports.
India presently there are two kinds of different points of view, a domestic mines and the ministry of commerce is required by the ore export taxes, they claimed that not only can cut export tax increase domestic iron ore production, reduce the trade deficit. Another view is that the long radius butt weld pipe elbow steel and manufacturing requirements to maintain the 30% export tax, and said, the government should not only consider the benefit of the mine, but also to the interests of the national iron and steel production and manufacturing. Iron ore export taxes to help protect the country's natural resources for a long time, meet the future development of iron and steel high-frequency ERW carbon steel tube industry, will also be implemented to 2025 2025 tons of iron and steel industry production of the guarantee of strategic objectives.
Mines and the ministry of commerce to cut export tax advice is that 60% of domestic iron ore production is powder ore, a large amount of powder ore would not be used by the domestic steel mills, currently Odisha, jharkhand, karnataka's mines stockpiling of ore fines from fiscal year 2008-09 fiscal year to 2012-13 has been increased, this part of the ore powder need to be exported until the utilization and development of the domestic steel mills.
Steel department retort that even if iron ore exports increased from 2008-09 fiscal year 105 million tons to 117 million tons, for the fiscal year 2009-10 mine powder ore inventory from 74 million tons to 90 million tons. And ore exports of 2011 tons from 2011-12 to 2012-13 in fiscal year 18 million tons, powder ore inventory only slightly from the same period of 123 million tons to 120 million tons, so that powder ore inventory should not serve as the reason for this reduction in exports.
Refined oil price adjustment window open on Friday
National economic data better, tensions in the Middle East, international oil prices rose sharply for two carbon steel concentric reducer consecutive days. London brent crude oil futures prices higher again to above $110 as of August 23, closed at $111.04 a barrel on the New York mercantile exchange, October delivery of light crude oil futures prices closed at $106.42 a barrel.
A package of the average price of crude oil rate also rose. According to the petrochemical network measurement, 6 working days as of August 26, the main index of crude oil compound rate of 1.75%.
According to the refined oil pricing mechanism is put forward the principle of "adjust a 10 working days", the refined oil price adjustment window will open on August 30th. After August 2 and 16, because of the ASTM A234 WPB Carbon Steel Equal Tee china producer adjustment is not up to 50 yuan per ton, oil pricing was the first time after the introduction of new mechanisms of stranded in a row.
Analysts said the first two rounds of refined oil pricing all ended in ran aground, about 50 yuan per ton of adjustment will accumulate in the pricing, thus predicting the adjustment will significantly raise the red line, more than 50 yuan per ton unless this week the concentric reducer steel pipe fittings international crude oil prices fell sharply in a row, otherwise there is little possibility of reversal. And important event this week, a lack of guidance, of the more important is the second quarter GDP data and the unemployment rate in July, at the current situation data, or will be positive, potential support of the Middle East still exist at the same time, international oil prices plunged very hard, so the oil increase almost nailing on the plate.
Analyst forecasts, this round of refined oil price adjustment trend to increase, rate of about 130 yuan per ton, or 0.09 yuan per liter standard 90 # gasoline, 0 # diesel 0.11 yuan per liter. And zhuo chong zhang bin, an analyst forecasts of rise in range is larger, think the rate corresponding to the rise of crude oil at $130 a tonne, if crude sustain a rally this week, oil prices rose on Friday or will exceed 200 yuan per ton.
Affected by the oil price rise is expected, the domestic refined oil market marketing situation improves, north China, northeast and other regions on a small push to clinch a deal price of "expects this week in monthly task under pressure, the domestic main unit such as sinopec, petrochina continue on shipment, better individual task areas or have edged up action, to refining the price under the terminal demand will still have scattered may push up." Sun Xuejun judgment.
A package of the average price of crude oil rate also rose. According to the petrochemical network measurement, 6 working days as of August 26, the main index of crude oil compound rate of 1.75%.
According to the refined oil pricing mechanism is put forward the principle of "adjust a 10 working days", the refined oil price adjustment window will open on August 30th. After August 2 and 16, because of the ASTM A234 WPB Carbon Steel Equal Tee china producer adjustment is not up to 50 yuan per ton, oil pricing was the first time after the introduction of new mechanisms of stranded in a row.
Analysts said the first two rounds of refined oil pricing all ended in ran aground, about 50 yuan per ton of adjustment will accumulate in the pricing, thus predicting the adjustment will significantly raise the red line, more than 50 yuan per ton unless this week the concentric reducer steel pipe fittings international crude oil prices fell sharply in a row, otherwise there is little possibility of reversal. And important event this week, a lack of guidance, of the more important is the second quarter GDP data and the unemployment rate in July, at the current situation data, or will be positive, potential support of the Middle East still exist at the same time, international oil prices plunged very hard, so the oil increase almost nailing on the plate.
Analyst forecasts, this round of refined oil price adjustment trend to increase, rate of about 130 yuan per ton, or 0.09 yuan per liter standard 90 # gasoline, 0 # diesel 0.11 yuan per liter. And zhuo chong zhang bin, an analyst forecasts of rise in range is larger, think the rate corresponding to the rise of crude oil at $130 a tonne, if crude sustain a rally this week, oil prices rose on Friday or will exceed 200 yuan per ton.
Affected by the oil price rise is expected, the domestic refined oil market marketing situation improves, north China, northeast and other regions on a small push to clinch a deal price of "expects this week in monthly task under pressure, the domestic main unit such as sinopec, petrochina continue on shipment, better individual task areas or have edged up action, to refining the price under the terminal demand will still have scattered may push up." Sun Xuejun judgment.
2013年8月26日星期一
Years of iron ore market will be how to run
Cisa, deputy secretary general Wang Liqun: operating range in 100 to $150, if steel production does not decrease, demand, existing ore price is relatively low.
Deputy prime minister Li Daguang: anshan carbon steel threaded connections tee iron and steel trade company in the second half of the top 140, low of 120, 10 months after the iron ore production capacity in the release, including anshan carrara mining capacity until 4 quarter of release, the future should be shake down.
At the iron and steel co., LTD., general manager LiuChuanWei: high of $140, low of $100. As steel mills, if ore rose to more than 140, most of the steel mills will be at a loss, the demand for natural ansi b16.5 class 150 weld neck flange affected. 100 dollars is match the domestic mining cost.
, general manager of shanxi rakhine guomao Zhang Dongliang: shock up, is a big trend, low 130, 150, high reason: high inventories low, steel inventories are low, the mainstream inventory keep 15 to 25 days, port stocks are low, 75 million tons, Chinese steel mills for inventories carbon steel concentric reducer low expectations. High market value, this year's economic condition is not bad.
Fe content total import and export co., LTD., general manager Xue Xiaolin: low 128, 148, the spot price and futures price difference, difference than annual shrink a lot, is embodied in two aspects, futures can received a cheaper dollar, spot must be RMB, funding is limited, in improving the current funds, although the price of steel billet has rise, but it is in a relatively low position.
Deputy prime minister Li Daguang: anshan carbon steel threaded connections tee iron and steel trade company in the second half of the top 140, low of 120, 10 months after the iron ore production capacity in the release, including anshan carrara mining capacity until 4 quarter of release, the future should be shake down.
At the iron and steel co., LTD., general manager LiuChuanWei: high of $140, low of $100. As steel mills, if ore rose to more than 140, most of the steel mills will be at a loss, the demand for natural ansi b16.5 class 150 weld neck flange affected. 100 dollars is match the domestic mining cost.
, general manager of shanxi rakhine guomao Zhang Dongliang: shock up, is a big trend, low 130, 150, high reason: high inventories low, steel inventories are low, the mainstream inventory keep 15 to 25 days, port stocks are low, 75 million tons, Chinese steel mills for inventories carbon steel concentric reducer low expectations. High market value, this year's economic condition is not bad.
Fe content total import and export co., LTD., general manager Xue Xiaolin: low 128, 148, the spot price and futures price difference, difference than annual shrink a lot, is embodied in two aspects, futures can received a cheaper dollar, spot must be RMB, funding is limited, in improving the current funds, although the price of steel billet has rise, but it is in a relatively low position.
2013年8月21日星期三
China's manufacturing industry to upgrade call the Internet industry
In the field of consumer Internet era, the Internet has been blustery, upside down, the consumer is king, online sharing, experience. Industry, by contrast, is still dead, is the maker of "the JIS 5K Plate flanges kingdom". Industrial upgrading of China's manufacturing industry calls for the arrival of the Internet industry. The Chinese academy of engineering guo chongqing 18 in 2013 China tengzhou (global) machine tool peak BBS on the statement above.
Guo chongqing said, mankind has entered a technical about human life, work, and to determine the national commercial competitive advantage and the era of national security. All walks of life only long radius butt weld pipe elbow has the change, changes in information technology, to adapt to The Times and survival, and machinery manufacturing industry increasingly appear to keep up with fashion.
"Our tractor is only change the impergium cattle to the diesel engine, that's all, without a brain." Guo chongqing, said the IT and business docking evolved into a new business model - e-commerce, ascendant, savage growth; And manufacturing of products and services in the digital, intelligent and interconnection far couldn't keep up with development of information technology. Manufacturing the crisis consciousness, speed 180 degree elbow pipe fitting asme b16.9 steel elbow up with fusion of Internet technology is the top priority, "the Internet enterprises" technology + platform will become the future manufacturing enterprise development paradigm.
Guo said that chongqing under the background of the Internet, the product production and value creation, increasingly towards socialization and public participation, the relationship between businesses and their customers tend to equality, interaction and mutual influence; Manufacturing should abandon the tradition of "behind closed doors". Guo chongqing in an interview with reporters, said the Internet industry for manufacturing enterprises to establish a communication platform, break the "closed", between the buyer and the seller to the buyer and the seller trading transparency, at the same time to reduce transaction costs.
Guo chongqing said, mankind has entered a technical about human life, work, and to determine the national commercial competitive advantage and the era of national security. All walks of life only long radius butt weld pipe elbow has the change, changes in information technology, to adapt to The Times and survival, and machinery manufacturing industry increasingly appear to keep up with fashion.
"Our tractor is only change the impergium cattle to the diesel engine, that's all, without a brain." Guo chongqing, said the IT and business docking evolved into a new business model - e-commerce, ascendant, savage growth; And manufacturing of products and services in the digital, intelligent and interconnection far couldn't keep up with development of information technology. Manufacturing the crisis consciousness, speed 180 degree elbow pipe fitting asme b16.9 steel elbow up with fusion of Internet technology is the top priority, "the Internet enterprises" technology + platform will become the future manufacturing enterprise development paradigm.
Guo said that chongqing under the background of the Internet, the product production and value creation, increasingly towards socialization and public participation, the relationship between businesses and their customers tend to equality, interaction and mutual influence; Manufacturing should abandon the tradition of "behind closed doors". Guo chongqing in an interview with reporters, said the Internet industry for manufacturing enterprises to establish a communication platform, break the "closed", between the buyer and the seller to the buyer and the seller trading transparency, at the same time to reduce transaction costs.
2013年8月20日星期二
The traditional industry to upgrade
Such as broadband Internet infrastructure investment makes the information consumption of increasingly obvious ASTM A234-WPB equal tee role in promoting the development of national economy and industry
Millet mobile phone open for the first time to buy, 3.5 hours 100000 phones sold out. What makes millet have such success? The answer is that the broadband speed of the Internet. Millet mobile mass user participation via the Internet is designed, based on user feedback weekly update mobile phone operating system version, timely adjust terminal function, using the network convergence order production to achieve zero inventory management, is one of the reasons for the millet mobile phone sales.
Broadband in promote transformation and upgrading of traditional industries in our country plays an important role. ASTM A234 WPB Carbon Steel Equal Tee china producer Many design firms in cloud computing way for traditional CAD software, CAD software use cost less than 5 yuan a day. "Beijing industrial cloud" integration of industry resources, discrete manufacturing for more than 70000 small and medium-sized enterprises to provide industrial software and mass drawings of online application.
Whether millet mobile phone via the Internet gathered vast potential users to participate in product development and design mode of "crowdsourcing", or in high-speed network environment of cloud American carbon steel eccentric reducer computing, all depends on the broadband. In addition, broadband is making producer services to the network, scale development faster. A new generation of information technology such as cloud computing constantly create new mode of producer services, producer services market space extend continuously.
Such as broadband Internet infrastructure investment also makes the information consumption of increasingly obvious role in promoting the development of national economy and industry. , according to data from the ministry of investment of 129.7 billion yuan in the first half of this year the national complete network infrastructure, including the Internet and data communications investment rose 43.8%, promoting communication system equipment sale in domestic market up 39.8% from a year earlier. The rapid growth of the terminal product sales prompted domestic electronic industry output value year-on-year growth of 20.5%. In addition, the electronic commerce pull effect on the domestic demand is starting to show. Figures show that as of the end of June this year, the domestic e-commerce transactions amounted to 4.9 trillion yuan, up 45.3% from a year earlier, accounting for 7.7% of the total retail sales of social consumer goods. The McKinsey study, electronic commerce is not a simple alternative to traditional retail, every 100 yuan in network transactions in China in 2012, 39% are completely new, new consumption scale up to 507 billion yuan.
Millet mobile phone open for the first time to buy, 3.5 hours 100000 phones sold out. What makes millet have such success? The answer is that the broadband speed of the Internet. Millet mobile mass user participation via the Internet is designed, based on user feedback weekly update mobile phone operating system version, timely adjust terminal function, using the network convergence order production to achieve zero inventory management, is one of the reasons for the millet mobile phone sales.
Broadband in promote transformation and upgrading of traditional industries in our country plays an important role. ASTM A234 WPB Carbon Steel Equal Tee china producer Many design firms in cloud computing way for traditional CAD software, CAD software use cost less than 5 yuan a day. "Beijing industrial cloud" integration of industry resources, discrete manufacturing for more than 70000 small and medium-sized enterprises to provide industrial software and mass drawings of online application.
Whether millet mobile phone via the Internet gathered vast potential users to participate in product development and design mode of "crowdsourcing", or in high-speed network environment of cloud American carbon steel eccentric reducer computing, all depends on the broadband. In addition, broadband is making producer services to the network, scale development faster. A new generation of information technology such as cloud computing constantly create new mode of producer services, producer services market space extend continuously.
Such as broadband Internet infrastructure investment also makes the information consumption of increasingly obvious role in promoting the development of national economy and industry. , according to data from the ministry of investment of 129.7 billion yuan in the first half of this year the national complete network infrastructure, including the Internet and data communications investment rose 43.8%, promoting communication system equipment sale in domestic market up 39.8% from a year earlier. The rapid growth of the terminal product sales prompted domestic electronic industry output value year-on-year growth of 20.5%. In addition, the electronic commerce pull effect on the domestic demand is starting to show. Figures show that as of the end of June this year, the domestic e-commerce transactions amounted to 4.9 trillion yuan, up 45.3% from a year earlier, accounting for 7.7% of the total retail sales of social consumer goods. The McKinsey study, electronic commerce is not a simple alternative to traditional retail, every 100 yuan in network transactions in China in 2012, 39% are completely new, new consumption scale up to 507 billion yuan.
China's economy overall abundant liquidity
"In general, the second half of this year, implementation of prudent monetary policy. If necessary, can do some flexible adjustment, but I don't think the second half of this year will have a big adjustment. If there is one adjustment, also is fine." Central bank governor 114mm carbon seamless steel pipe china suppliers zhou xiaochuan on August 19, said in an interview with China central television (CCTV).
Zhou xiaochuan also said the us economy's main index, the current and the main index in the last year estimated (compared), also within the range, there is no likelihood of big big adjustment.
In addition, in answer to whether the future will appear as June interbank liquidity extremely nervous, zhou ASME B16.9 Butt Welded reducing tee xiaochuan stressed that from a middle stage, China's economy overall liquidity abundant, will have great influence because of short-term events.
Statistics show that in the first quarter pipe fitting 45 degree LR elbows of 2013, China's GDP growth of 7.7%, but also fell to 7.5% in the second quarter. As a result, the economics of China's economic "hard landing" fears began to increase.
"I am not advocating in terms of economic growth, using so-called floating in the air, or hard landing such a notion." Zhou xiaochuan, said the inner motive power to China's economic growth remains strong, will not appear this kind of so-called continuity in the way.
"Generally, the domestic economic situation still quite good." Zhou xiaochuan said that the current economic growth at 7.5%, is in itself a normal level. To see the big environment, the international economic environment is not very good, in such an integral part of the environment, stable economic growth, is not easy.
"In 2013 and 2014 full-year GDP growth is expected to be 7.4% and 7.2%, respectively." Jpmorgan chase's chief China economist Zhu Haibin thinks, policy uncertainty has been affecting the market confidence and a key factor in economic activity, and this effect is particularly obvious in recent months. But it seems to be shifting.Chief economist at China international capital corp Peng Wen born it in a research report, from the source of investment in fixed assets investment, state budget funds and domestic loan growth in July from June significantly accelerated, reflects the recent strengthening fiscal spending and guide credit measures to support the real economy.
Zhou xiaochuan also said the us economy's main index, the current and the main index in the last year estimated (compared), also within the range, there is no likelihood of big big adjustment.
In addition, in answer to whether the future will appear as June interbank liquidity extremely nervous, zhou ASME B16.9 Butt Welded reducing tee xiaochuan stressed that from a middle stage, China's economy overall liquidity abundant, will have great influence because of short-term events.
Statistics show that in the first quarter pipe fitting 45 degree LR elbows of 2013, China's GDP growth of 7.7%, but also fell to 7.5% in the second quarter. As a result, the economics of China's economic "hard landing" fears began to increase.
"I am not advocating in terms of economic growth, using so-called floating in the air, or hard landing such a notion." Zhou xiaochuan, said the inner motive power to China's economic growth remains strong, will not appear this kind of so-called continuity in the way.
"Generally, the domestic economic situation still quite good." Zhou xiaochuan said that the current economic growth at 7.5%, is in itself a normal level. To see the big environment, the international economic environment is not very good, in such an integral part of the environment, stable economic growth, is not easy.
"In 2013 and 2014 full-year GDP growth is expected to be 7.4% and 7.2%, respectively." Jpmorgan chase's chief China economist Zhu Haibin thinks, policy uncertainty has been affecting the market confidence and a key factor in economic activity, and this effect is particularly obvious in recent months. But it seems to be shifting.Chief economist at China international capital corp Peng Wen born it in a research report, from the source of investment in fixed assets investment, state budget funds and domestic loan growth in July from June significantly accelerated, reflects the recent strengthening fiscal spending and guide credit measures to support the real economy.
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