August 8, two in the afternoon, China Logistics and Purchasing Association, vice president of CAI into the analysis of the current economic operation, as well as the steel industry. Cai president said:
First, objective look at China's economic situation. In the current international and domestic environment, China's economy maintained a moderate growth is relatively modest, but also in the expected growth in the interval.
Second, the signs of economic stabilization began to appear. You can see from some of the statistics. Although the second quarter of China's GDP growth rate of 7.6%, but broken down into a month a month to see signs of stabilization emerged. From production data, we can also see 8.5 percent in April, 11.3 percent in May, June has reached 14%. From this set of data, signs of stabilization of economic growth in August to have begun.
Third, the downward pressure still exists. Cai president pointed out, specific to the steel sector, there are two main problems: overcapacity and demand weak.
Fourth, new contradictions in the economic operation highlights. First, the cost of the enterprise as a whole is running in raising. Second, the results got worse. Now, the whole point of the flow of production enterprise efficiency has fallen, such as Tianjin, property, property, Zhejiang, Hebei property, there are some private enterprise, about seventy to eighty, all enterprises with more than 10 billion, 20 billion this year the return on sales was 1.6%. Last year was 1.8%, a good time is more than 2.0%. Iron and steel enterprises, is now negative interest rates, at most, zero interest rates.
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