综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

China's steel industry shows signs of cooling

(Xinhua)
Updated: 2006-12-20 15:30

After four years of steady growth, China's steel industry has seen capital investment finally slow down this year.

Related readings:
 China turns to net steel exporter
 Steel industry to see 'slower growth?'
 Nippon Steel, Baosteel mull tie-up
 China moves to slash outdated iron, steel production

Industry commentators are divided over the significance of the cooling-off period with some hailing it as an "important signal" and others insisting it is only temporary.

"The reverse reflects the central government's efforts to cool down the overheated steel sector, which began in 2004 and are finally beginning to pay off," said Xu Lejiang, general manager of Baosteel, China's largest steel conglomerate based in Shanghai.

According to the National Bureau of Statistics, fixed-assets investment in the steel sector began to slow down in June, with a growth of only 2.3 percent. By October, investment was actually 1.2 percent down on the same period of the previous year.

"Another important development is the slowdown in consumption growth even though the national economy has maintained its forward drive," said Wu Xichun, former head of the Steel Industry Association of China.

The statistical bureau reports that in the first three quarters, consumption of crude steel rose only 10.5 percent nationwide, against a 17.2-percent growth a year earlier.

"The cool-down in both capital investment and consumption implies that a policy of halting overproduction and balancing supply and demand has begun to take shape," Xu Lejiang observed.

Other industry observers do not share Xu's optimism. Experts speaking at a symposium staged by consulting firm My Steel highlighted the steel sector's susceptibility to macro-economic change.

They argued that if the amount of fixed asset investment was raised by local governments, investment in local steel companies would follow.

They pointed to the actions of some small steel plants who flaunted industrial policy and resumed production only months after being ordered to suspend operations at the beginning of the year. It is believed local governments have not enforced the regulations regarding their closure.
12  

(For more biz stories, please visit Industry Updates)



荆门市| 天水市| 济宁市| 贵溪市| 西和县| 甘孜县| 怀集县| 玉溪市| 津南区| 台江县| 水富县| 嘉黎县| 岳阳市| 万宁市| 江永县| 长阳| 福清市| 韶山市| 安溪县| 张掖市| 定结县| 泽库县| 佛教| 镇坪县| 崇州市| 奉贤区| 象山县| 吴桥县| 乳源| 宁城县| 开江县| 卓尼县| 甘孜县| 高邑县| 内黄县| 株洲县| 大邑县| 邢台县| 普格县| 社会| 台北市|