China's economy to promote the world economic integration

"In the economic globalization today, there is no isolated island." Shinestar of iron and steel research institute believes that in line with the economic law of economic globalization, conforms to the interests of all parties, is the trend of The Times. And economic globalization is a double-edged sword, both for the global development provide strong momentum, also brought some new challenges, new situation need to seriously face.

Facing reverse the tide of globalization, rising protectionism, Jinping Xi in apec leaders meeting in Lima, chairman of a strong response, there is no way out "protectionism", "we can't because at that time the difficult to stop, to participate in the process of economic globalization, pay attention to with their respective development practice, pay attention to solve the problem of justice, leading the economic globalization to develop in the direction of a more inclusive pratt &whitney"...

In the G20 summit in hangzhou, China actively pushing for the “G20 global trade growth strategy”, in order to reduce trade costs and promote trade and investment policy coordination, promote trade in services, to strengthen trade financing and other major trade and investment development goals provides a stable mechanism of protection, in order to promote global trade and pointed out the direction for sustainable economic development. Shinestar group as carbon steel pipe, galvanized pipe, welded steel pipe, line pipe, submerged arc weld spiral welded pipe, scaffolding, and other products production services vendors, also has been paying attention to the development of global economy, and try to realize their transformation and upgrading, contributing to the development of Chinese economy and the global economy out of a force.

Shanghai for 3 years, free trade area construction in building with the international prevailing rules of corresponding open investment and trade system, deepen the financial innovation and establish a new system of the open economy, has made important achievements, stimulated the market innovation vitality. Test new registered enterprises in 4 m, more than the sum total of more than 20 years before listing, a series of important achievements copy to promote in the country.

China actively promotes the economic integration, and constantly promote the development of the brics countries, China - asean, initiative to promote the asia-pacific free trade zone, promote regional economic and comprehensive partnership agreement. Is to fully promote the trade between China, Japan and South Korea, for example, the three parties agreed that helps to give full play to the industrial complementarity among the three countries establishing a free trade zone, to further promote regional value chain integration, is conducive to the prosperity and development of the region.

In recent years, China has always insisted on promoting international trade and investment liberalization and facilitation, insist on multilateral and bilateral two open "wheel" together. In addition, we also need to be more positive in the face of market environment and the economic situation at home and abroad, to build an open world economy. Shinestar group will also strive to improve enterprise's own development, strive to produce more high quality carbon steel pipe, galvanized pipe, welded steel pipe, line pipe, submerged arc weld spiral welded pipe, scaffolding, and API line pipe factory, involved in the process of economic globalization.

Talking about the downward pressure on China's real economy

At present, China's industrial production is still in the downstream industry chain, downward pressure still exist, most of the manufacturing enterprises still follow the  "small profits and good sales" mode of production and sales, products added value is not high.Shinestar Steel Research Institute believes that this led directly to the  profit level of industrial enterprises also encounter bottlenecks, such products in China's labor costs and tax costs rise in the background, but also gradually lost the  price advantage, the lack of sustainable development momentum.

The current executive meeting of the State Council once again stressed the need to promote the upgrading of the real economy, it is necessary to speed up the smooth  movement of the old and new energy, collaborative efforts to promote the real economy covering the Agriculture, industry and service industry to flourish.In recent years,  shinestar group has been actively respond to a nation's call for upgrading the real economy, produce a lot of high quality products, such as straight seam steel pipe,  galvanized pipe, api 5l steel pipe, welded pipe, seamless steel tube, etc.

Someone said, "made in China always suffer from two disease."One is the control of the machine and control system can not pass, one is the power system of domestic  equipment does not pass, innovation ability is weak.At the same time, in the case of rising factor costs, China's manufacturing productivity is low, can not be resolved  by technological progress to increase the high cost.

2016, China's overall economic growth rate slowed down, the three major trends in the demand for investment slowed down, consumption is stable, the downward trend  of exports, endogenous growth momentum is gradually formed, the industry is facing the bottleneck of the development of structural adjustment.Is expected in 2017  with the shrinking of effective demand, economic downward pressure still exists, resulting in the macro economy may produce the economic downturn and the inflation  rate upward pressure on the coexistence of "stagflation" risk.

In addition, the high cost of industrial production and industrial products will continue to restrict the development of the industrial economy.According to the data  analysis, in 2016 by the overseas and domestic resources, energy, iron and steel, nonferrous metals and other commodities prices, hand driven PPI stabilized, on the  other hand the possibility of future production factor prices generally rise increase, forming pressure on the cost of industrial chain, resulting in weakening demand,  which restricted the sustainable development in the field of industrial economy.

Since 2012, the labor cost advantage of China as the "world factory" is decreasing year by year.In particular, the level of labor wages, with the level of developed  countries gradually.2016 local companies flight situation caused's emphasis on tax of the enterprise in question, at the same time around the camp to increase further,  the phase of enterprise tax burden is not reduced the problem such as increasing will exist.The future industrial structure adjustment will affect the whole industry  development situation, corporate profits will be in the low post, tax burden of corporate profits stripping will hit production enthusiasm.However, problems have to find  solutions, shinestar group will continue to focus on the development of China industrial economy, combined with their own actual situation to accelerate the  transformation and upgrading.Produce a better straight seam steel pipe, galvanized pipe, api 5l steel pipe, welded pipe, API line pipe factory, injected new  impetus to the development of Chinese economy and vitality.

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How to deal with the challenge of the global economy？

2017 will be a year of challenges and opportunities coexist, the world economy will face a huge challenge. As a manufacturer and services vendors of carbon steel pipe, welded steel pipe, line pipe, ERW pipe, LSAW steel pipe, Shinestar Group has always been focused on the development of the global economy. Today, Shinestar  steel research institute would like to talk the method of China how to deal with the challenge of the global economy.　

Firstly, look for the balance of the fiscal and monetary policy combination, carefully deal with it. From the Angle of demand, if you take more loose fiscal policy, it is good for economic growth but not conducive to reduce debt. Loose monetary policy can support aggregate demand, encourage private spending, but also may bring negative effects, such as low long-term interest rates are likely to cover up the structural problems of the economy and financial system, and squeeze profits leads to the more risky loans.

Secondly, continue to promote the structural reform is important. Low-income countries can focus on improving infrastructure, legal system, promote the development of capital market, etc. Developed economies can focus on improving labor supply and create better innovation incentive mechanism, and improve productivity growth. In general, improve infrastructure, strengthen the banking system robustness and medium can help you in all countries.

Thirdly, should continue to open international trade development. International trade to optimize the allocation of resources, improve the specialization of production, reduce the production cost, eventually bring economies of scale and increase to comprehensive economic prosperity; Also can promote the spread of knowledge and technology, new product research and development and productivity growth. International trade back can only deepen and delay the downturn of economic growth, not conducive to economic prosperity.

Fourth, promote inclusive growth. Many countries need to continue to strengthen the social safety net, improve health care, education and other infrastructure and conditions, to achieve more professional and regional flow of personnel, taking tax incentives to encourage women into the labor market, etc.

Fifth, face and deal with the economic transformation of the digital revolution correctly. While strengthen the social security system, improve the level of education, further strengthen vocational training and technology promotion, promote production quickly and effectively to reallocate resources to the most productive industries and departments, etc., to support people to adapt to the new job requires as soon as possible, and develop new technology into productivity.

Sixth, the international community needs to coordinate global policy combination, to revive the economy, benefit sharing. International coordination can make the individual countries support demand measures to produce more positive, the positive spillover effect, so as to strengthen its global effect, create more policy space.

In a word, the multiple challenges need strong, coordination of policy measures. Demand management should be in parallel with a reform of the supply side, fiscal, monetary policy, structural reform needs to cooperate, adjust measures to local conditions. the policy measures of each country should be coordinated, have the effect of auxiliary to each other.

Oportunities and challenges which China's economic development facing is on the rise, Shinestar Group will also be a scientific analysis of the new features of the international situation, efforts to seize opportunities, meet challenges and strive to produce more high quality galvanized steel pipe, welded steel pipe, line pipe, ERW steel pipe, LSAW steel pipe and other products, as with the international competitiveness of steel enterprises.

China's Program will Inject New Impetus into Globalization

Since 2016, the global economy is generally stable, but downturn situation has not fundamentally changed. Hunan Shinestar Steel Research Institute said that 2017 global economy will remain low growth and low recovery trend, "reverse globalization" wave of China's economic globalization program inject new impetus. As a manufacture of seamless steel pipe, OCTG, spiral welded pipe, stainless steel pipe,  galvanized pipe and other products, Shinestar Group will continue to pay attention to the world economy and China's economic development trends.

World economy needs to strengthen global economic governance, but the British off the EU referendum and Trump put forward the "US priority", which made regionalization to split and lost in globalization. In Europe, the US strategy is shrinking. In this context, new forces are needed, and new programs are leading global governance to a new stage. China is the world's second largest economy, China's economic development can not be separated from the world, the world's economy also needs China.

From the financial, trade, investment the three areas, by the effect of new president of the United States and the dollar interest rate and other factors, the global financial market will remain volatile and uncertainty in the short term, especially in emerging market countries will have to face the risk of currency devaluation and Capital outflow. At the same time, world trade still lack of powerful support, which make slow growth. Although the rebound of commodity prices or will bring some demand, but the magnitude is limited, global trade growth rate will remain lower than the economic growth. Global investment will be stronger due to USD raised, new trade protectionism and other factors, the recovery process is blocked. However, the rise of the fourth global industrial transfer, may lead to rebound in global investment. In addition, the Hangzhou G20 summit strong impetus to the global efficient financial governance which is good for developing countries and  inject new momentum for global economic growth.

The report notes that during the cyclical transformation of the world economy, China's five major development concepts will not only lead China's economic development, but also will lead the world economy into a new long-term positive kinetic energy. Globalization is at a crossroads in the transformation and incubation of the new cycle of the world economy. "One to one," the building tactics not only for the global economy out of the crisis haze, to realize powerful recovery and sustainable development provides new ideas, but also against the trend of globalization to promote economic globalization has injected new impetus and vitality.

In the future, Shinestar Group will take the opportunity to meet the challenges, and strive to develop themselves to produce more high-quality spiral submerged arc welded pipe, ERW steel pipe, stainless steel pipe, scaffolding, galvanized pipe and other products to develop China's economic.

China's foreign trade inventory in 2016

Look back over past 2016,though China’s foreign trade growth fell,structure optimization,benefits of quality and so on showed many new changes and bright spot.As a Welding steel pipe, line pipe, straight seam submerged arc welding pipe, galvanized pipe, submerged arc weld spiral welded pipe, scaffolding and other products of steel production services provider,Shinestar group has been paying close attention to the development of foreign trade.Shinestar Steel Research Institute said the development way of China's foreign trade on the import and export trade structure, market distribution and trade subject has different degree of optimization and improvement in 2016 that mainly embodied in these aspects:

First,internal production of power to further strengthen,private enterprises import and export growth of 2.2% in 2016,accounting for 38.1% of China's total foreign trade, up 1.2 percentage points from 2015.Our trade way tend to be more reasonable,the general trade import and export growth of 0.9%,accounting for 55% of the total cost of the foreign trade of our country,up 1 percentage points from 2015.Gradient transfer of processing trade progressed steadily,the import and export of processing trade in the central and western regions increased by 3.2%,accounting for the proportion of total cost of the foreign trade in our country ,up 1.3 percentage points from 2015.The international market diversification has made some progress,some "along the way" along the country's rapid trade growth,to India, Russia, Pakistan, Poland and Bangladesh and other countries import and export growth of 4.1%, 8.7%, 7.2%, 4.1% and 9.2%.

Second,in the superior products in optimal out has made good progress.In terms of exports,China’s traditional advantage products exports growth remained,textiles, plastic products and toys export growth of 1.9%, respectively, 0.5% and 24.9%,still keep a good competitive advantage.At the same time benefit from China's abundant capital, perfect industrial system and strong manufacturing capacity, our country enterprise in the speed up to go out and promote the international cooperation capacity also led equipment manufacturing and export of high value-added products,China's enterprises in accelerating to go out and promote international capacity cooperation also led the equipment manufacturing and high value-added products exports.Some mechanical and electrical products and equipment manufacturing exports also maintained a good momentum, such as medical equipment export growth of 6.1%, auto parts export growth of 3.5%.

Third,in terms of import,China's crude oil, copper and other commodities imports in 2016 continue to maintain the growth momentum, which also shows that China's domestic economy is running smoothly, demand has picked up.At the same time, the policy effect of expanding imports and optimizing import structure shows that some high-tech products such as advanced technology, key parts and important equipment have a rapid growth in import.In 2016, imports of electrical products increased by 1.9%, of which turbojet engine imports increased by 26.8%, ship growth of 26.6%, measurement and analysis of automatic control equipment and apparatus increased by 10.7%.

The future, we need to be more active in the face of complex and volatile international and domestic economic situation and import and export environment, and strive to build an open economy new system, and continuously improve the quality and efficiency of foreign trade development, build a higher level of open economy, the full realization of the "big Into the big out "to" excellent into excellent "change. Shinestar Group will also adhere to independent innovation, pay more attention to cultivate technology, brand, quality, service as the core of the new advantages of foreign trade competition, to produce more high-quality welded steel pipe, pipe, straight seam submerged arc welded pipe, galvanized steel pipe, ERW steel pipe, scaffolding and other products, playing an international competitiveness of the steel group.

Talking About The Risk of Economic Growth in 2017

At present China economy is slow in stabilization, steady for the better.Supply side structural reforms achieved interim results.The positive factors of economic growth  are increasing, but the structural contradictions and risks of economic development still exist.As the SSAW steel pipe,welded carbon steel pipe ,stainless steel pipe,and  other products manufacturers service,Shinestar group has been very concerned about the development of Chinese economy.Today, shinestar Steel Research Institute talk  about the risk of economic growth in 2017.

First, the risk of external shocks.  The global economy is facing increasing conflict, after the international financial crisis, the developed countries in Europe and the  United States have been mired in structural problems, economic reform is sluggish, slow economic recovery, conservatism tends to rise.Global economic growth is  expected to be generally weak, developed economies are still slow growth, emerging markets and the development of the economy will only moderate growth.U.S.  inflation is expected to push up interest rates and the dollar exchange rate,the new president of the United States proposed to reduce income tax, expand the scale of  infrastructure, repatriation of immigrants and other policies tend to push up U.S.Emerging market countries economic recovery is not solid, accompanied by domestic risk  is intensifying,especially continue to rely on credit to drive economic growth eventually leads to increased risk of damaging adjustment.

Second is the real economy from the bottom of the recovery, the economy is still downward pressure.In 2016, the real economy from the bottom of the recovery,Mainly  rely on supply side reform is expected to promote the recovery of PPI from the bottom, the real estate market driven by the growth of real estate investment growth  picked up.At present, the fixed asset investment growth downward pressure, has not yet appeared signs of cyclical rebound in fixed asset investment.Private fixed asset  investment growth continued to fall, real estate development investment growth may slow down.

Third is the real estate market than expected development potential risks.2016 real estate market than expected development of stable economic growth has played a  positive role, but its negative impact in 2017 need to be concerned.The real estate market regulation will have a negative impact on investment and bank profitability  indicators.2016 in October, some cities have adopted a more stringent measures to regulate real estate, real estate investment may also be down accordingly.At the end  of June 2016, commercial banks non-performing loans 1 trillion and 437 billion yuan, more than the same period last year 31%.Although the proportion of non-performing  loans of commercial banks is only 1.75%, but the proportion of non-performing loans and non-performing loans rising trend both need to remain vigilant.

Four is the pressure of capital outflows and devaluation is expected to rise. Since 2016 halfyear, China's foreign exchange reserves continued to decline significantly.  From January to November of 2016, the foreign exchange reserves accumulated decreased by 278.76 billion USD, the foreign exchange reserves of 3.05 trillion USD to the  end of November.After CNY joined the SDR, the CNY against the USD accelerated depreciation, as to December 29, 2016, has exceeded 6.95 CNY/ USD. Next year, IMF  will do more rigorous evaluation to CNY exchange rate control measure, which will make CNY capital control more difficult.

Shinestar Group will face marketing risk and challenges, and will make great efforts to produce more high quality ERW Steel Pipe,galvanized steel pipe ,stainless  steel pipe accelerate enterprise transformation and upgrading, and develop China's economic.