Current market expectations for the third year the central bank cut the deposit reserve ratio "is constantly enhanced, if the will is expected to become a reality, the liquidity of the market will significantly improve market confidence has improved. However. The author believes that the temporary Steel City, or more difficult to get rid of the downturn, the trend of the domestic economic slowdown has not yet been to reverse the environment is the reason for the downstream industry persistent substandard performance is still the key.
Transport investments continue to decline
Ministry of Transportation statistics show that on the 14th traffic fixed asset investment in January-May to 396.815 billion yuan, down 8.08 percent, decline to expand by 2.8 percentage points compared to January-April, the transportation investment continued to show weakness, the Ministry of Transport announced data computing, transportation investment in fixed assets in May to 111.03 billion yuan, representing an increase of 10.6 percent over April, an increase of 7.1 percentage points lower; fell to 14.7%, transport investment in the first half of last year's levels can be achieved, in June the month fixed traffic assets investment reached 188.5 billion yuan. Based on high temperatures and rainy weather since June, better downstream slowdown in the construction schedule, combined with the local government financial pressure to act as the main transport infrastructure investment, financial tensions temporarily difficult to alleviate, is expected in June to 188.5 billion yuan investment, or the day side Night Tan, short-term investments in transportation infrastructure is still difficult to pull the spiral construction steel demand.
New housing construction area continues to decline
National Bureau of Statistics released the latest data show that 1-5 months of 2012, the National Housing new construction area of ??728.59 million square meters, down 4.3 percent, a decline of more than 1-4 months to expand by 0.1 percentage points; 288.52 million square meters of real estate sales, up decreased by 12.4%, narrowed by 1 percentage point decline over 1-4 months; completion of an area of ??273.06 million square meters, an increase of 26.3%.
Although some local governments have launched a pre-tune fine-tuning policy, just need to actively intervene in the market has also improved, but in the central injunctions "to adhere to market regulation policy does not relax determination, 1-5 month of new housing construction area continues to decline and two consecutive months of negative growth trend. In addition, completed an area of ??growth is more obvious, while the sales area continued to decline, but also means that the overall inventory of housing prices rising, its price for the amount of "new construction underpowered naturally reasonable, in the seasonal the dawn of the construction of off-season, is expected 7-8 month housing prices started to get to the enthusiasm will continue to lower the downstream site operating rates will decline, temporary spiral, demand remains subdued.
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