Ministry of Finance released the latest data show that the national fiscal revenue in July 1.0672 trillion yuan, an increase of 80.8 billion yuan over the same month last year, an increase of 8.2%, the growth rate continues to be reduced by 1.6 percentage points compared to June, the largest proportion of tax revenue grew by only 4.6%, continue to reduce the 8 percent compared with June. Similarly, the local fiscal revenue growth is also under pressure. Fiscal revenue for local governments, "more than half the time, and the task is completed more than half" of inertia to be broken this year. Recently, media reported the country's 31 provinces (autonomous regions and municipalities) data situation is not optimistic in the first six months of fiscal revenue and contrast the fiscal revenue target set at the beginning of the year found that nearly forty percent of the provincial government in the case of half the country their income did not reach half the target set at the beginning.
The experts said that revenue growth in the second half of the year is not optimistic. Tax revenues from economic growth, the price impact of the tax revenue growth, corporate profits, as well as structural tax cuts four factors difficult to substantial upward momentum in the second half will continue to maintain a low growth.
For the steel industry, the industrial chain is nothing less than: raw materials (ore, billet) steel mills, traders and terminal, of course, also influenced by multiple factors such as logistics, oil, and the constraints of the steel city funds, restricting steel the price is demand. Since 2011 there have been economic phenomenon of tight, more a lack of funds. Have long had the analysis pointed out that the funds will be restricting the steel market continued to move towards the doldrums, while in the end when the improved also was bold boasted: "The policy relaxed when is the steel prices bottoming!" With the central bank has repeatedly cut interest rates, already can not compensate for the Steel City, the stock market bottomed out, substantially relax policies to slow recovery in the Steel City, the domestic financial market from the current point of view, to continue to promote a more relaxed environment healthy and effective development.
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