Li Keqiang: China attaches importance to the US side and expresses its hope to resolve trade friction through dialogue and communication.
When Li Keqiang met with US Secretary of Transportation Zhao Xiaolan, he said that Sino-US economic and trade cooperation is essentially mutually beneficial and win-win. There is no winner in trade conflicts. It is only after sitting in dialogue and negotiation to find a solution. The Chinese side attaches importance to the US side's expressed desire to resolve trade frictions through dialogue and communication. The door to China's negotiations is open. China is also willing to work with the US to pragmatically promote pragmatic cooperation in transportation, including autonomous driving.
The growth rate of GDP growth in some developed regions has turned to high quality development
The data shows that compared with the same period of last year, the GDP growth rate of some developed regions in the first quarter of this year has been greatly adjusted. For example, Tianjin's GDP growth rate in the first quarter was 1.9%, which was lower than the growth rate of 8% in the first quarter of last year. 6.1 percentage points. According to analysis, the sharp adjustment of Tianjin's economic growth rate has the reasons for the decline in the rate of investment in fixed assets and the significant decline in the sales area of ​​commercial housing. In Tianjin, the added value of high-tech industries (manufacturing) in industrial enterprises above designated size increased by 3.5% year-on-year, accounting for 14.2% of the city's industry; the equipment manufacturing industry grew by 1.6%, accounting for 32.7% of the city's industry.
The total profit of state-owned enterprises increased by 16.7% from January to March.
It was learned from the Ministry of Finance that from January to March 2018, the state-owned and state-owned holding companies in the country were in good economic performance. Both solvency and profitability improved compared with the same period of the previous year. Total operating income increased by 8.9% year-on-year, profit increased by 16.7% year-on-year, and profit growth was 7.8 percentage points higher than income. The profits of steel, coal, petroleum, petrochemical, electric power and other industries increased sharply year-on-year, which was higher than the growth rate of revenue. The profits of industries such as nonferrous metals decreased significantly year-on-year.
China Academy of Social Sciences Report: Housing prices in third- and fourth-tier cities will continue to rise in inertia
The “China Monthly Analysis of Housing Market Development†of the China Academy of Social Sciences' Financial and Economic Strategy Research Institute and the Chinese Academy of Social Sciences' Urban and Competitiveness Research Center project showed that in the short-term, the number of cities with falling or stable housing prices in first- and second-tier cities Increased; third- and fourth-tier cities will continue to rise in inertia, but the rate of increase will decline. As long as the macro-monetary policy does not appear to be a major mistake in Japan at the end of the last century, the possibility of an overall collapse in the real estate market is extremely small. It is still the main task of current real estate regulation and control to curb housing speculation through demand policy and then control the risk of housing price bubble.
Ministry of Commerce: Studying series of measures to further expand imports
The Ministry of Commerce spokesman Gao Feng said that it will further reduce the import tariffs on automobiles and some consumer goods, and is studying a series of measures to further expand imports, which will reduce the overall tax rate on imported goods.
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CNPC says it needs market reforms to expand China's natural gas storage
Zhu Xingshan, senior economist at the planning department of CNPC, said at the CWC LNG summit in Beijing that the government should focus on encouraging market incentives for companies to develop natural gas storage facilities. At the end of 2017, China had 25 gas storage centers with emergency storage capacity of 11.7 billion cubic meters per year, accounting for 5% of consumption, while the world average was 12%.
Hebei plans to significantly increase the industry's ultra-low emission standards for air pollution
Recently, the Environmental Protection Department of Hebei Province issued a letter to solicit five local environmental protection standards such as “Ultra-Emission Standards for Industrial Air Pollutantsâ€, according to the “Ultra-Emission Standards for Industrial Air Pollutants†(Consultation Draft) Based on the emission standards announced in 2016, Hebei Province plans to adjust the concentration limits of particulate matter, sulfur dioxide and nitrogen oxides in the sintering (pellet), blast furnace ironmaking, steelmaking and steel rolling processes.
Some of the steel companies are experiencing the expansion of production capacity, and next month, they will carry out the precautions against the resumption of the “strip steelâ€.
Zhang Zhixiang, president of the Metallurgical Chamber of Commerce of the National Federation of Industry and Commerce, said at the 2018 annual meeting of the Metallurgical Chamber of Commerce that there has been an important change in the industry situation in China. The contradiction between supply and demand has shifted from a serious surplus to a relative balance; the capacity utilization rate has increased from 70% in 2015 to 80%. Interval. However, Zhang Zhixiang revealed that the main contradictions and development pressures of the industry still exist, and the balance between supply and demand is relatively fragile. Therefore, we should be alert to the momentum of the expansion of capacity of some steel companies. It is reported that the Metallurgical Chamber of Commerce is studying the establishment of an incentive to report the “strip steel†method, which is voluntarily funded by members, rewards reporting units and individuals, forms strong social pressure, and maintains a good market environment.
Good news in the steel market: continue to expand domestic demand
Looking forward to the situation of China's steel market during the year, because of the rise of trade protectionism, especially the Trump administration of the United States pointed out that "Made in China 2025", China's commodity exports suffered an impact, and the external demand situation was more severe. To this end, the decision-making department will take a number of measures to continue to expand domestic demand.
Industry: benefit from environmental protection and production upgrade
Terminal demand performance exceeded expectations in April. The scope of supply-side environmental normalization has gradually expanded, and the demand-side improvement has become more apparent. From the steel inventory and transaction situation since April, the de-stocking rate of steel in April reached the fastest level in recent years, and the turnover of long products was obviously better than that of sheet metal. In terms of regions, the Guangdong and Guangxi regions benefited from the strongest start-up demand for large-scale infrastructure projects, and the performance in East China was acceptable, while that in North China was slightly weaker. The terminal infrastructure, real estate demand performance or exceeding expectations, the superimposed supply end is environmentally limited, and the steel mill has high profitability and high sustainability.
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