Since the beginning of this year, the international environment has become more complex and severe, the domestic economy has slowed down in the course of stability, and downward pressure has increased. In order to maintain steady and sound economic development, the state has continued to deepen supply-side structural reform, strengthened counter-cyclical adjustment of macro policies, introduced a series of policies and measures to "stabilize growth", maintained the medium-high growth rate of the national economy and created a better market environment for the steel pipe suppliers. In the first three quarters, crude steel output increased by 8.4% year-on-year. Although affected by the rising cost of raw materials and the falling price of steel scissors, the overall operation is still stable.Since the start of the third quarter, new orders in the manufacturing sector have increased, the decline in auto production and sales has narrowed, the real estate market is starting to show signs of improvement and food security is improving.
In particular, observations of the economy as a whole require but are not limited to short-term fluctuations in GDP. As long as employment and income, the ecological environment, quality and efficiency of structural steel pipe are steadily improved and the overall goal of completing the building of a moderately prosperous society in all respects by 2020 is achieved, a higher or lower growth rate is acceptable. The report to the 19th national congress of the communist party of China made it clear that China's economy has shifted from a stage of rapid growth to a stage of high-quality development.Therefore, on the whole, China's economic growth has not deviated from the proper range, and the momentum is still strong and impressive.
Entering the new era, the supply-side structural reform with the core goal of optimizing the supply structure and improving the quality of supply has become the main line of current macroeconomic policies. In the face of the downward economic pressure brought by the external environment, the driving effect of expanding infrastructure investment alone on economic growth has been decreasing and more attention should be paid to supply-side structural reform.The central government has determined that it is necessary to tap the potential of domestic demand of galvanized steel pipe, adopt more reform measures to expand consumption, use fewer subsidies and increase over-leveraged consumption, make stable investment in the manufacturing sector the focus of investment, adhere to the policy of not speculating in housing.We should fully understand and implement the spirit of the CPC central committee, and properly handle the relationship between the long-term and the short-term. What is the long-term? Investment is the long-term problem. Mild steel tube can no longer follow the old path of scale expansion. As the economy returns to normal, the steel industry will face competition in innovation, quality, service and cost, not simply cost.
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Post time: Apr-27-2020
