China's downward adjustment of GDP target paves the way for the new economic normal

Abstract This year, with the slowdown in economic development, the market is generally expected to lower China's GDP target next year, and China's economic development has entered a new normal. Different from the economic and historical development of other developed countries, the development of China's economy will gradually and smoothly transition from &ld...
This year, with the slowdown in economic development, the market is generally expected to lower China's GDP target next year, and China's economic development has entered a new normal. Different from the economic and historical development of other developed countries, China's economic development will gradually transition smoothly, from the “fast pace” to the “mid-speed” rather than directly to the “intermediate speed” or “slow speed”. Under the new normal, the Chinese economy will present new features, and in order to maintain the stability of the "new normal", it is necessary to appropriately lower the GDP target.

Pursue green GDP and reject high energy-consuming industries. All sectors of society have reached a consensus on the inability to unilaterally pursue GDP. Under the new normal of economic development, the industrial structure has been adjusted, from high-energy, low-output, and heavily polluting industries to low-carbon, environmentally-friendly, and energy-saving industries. “Big projects, high taxes” turned to “green development, sustainable development”. In today's economic globalization, the division of labor is becoming more and more clear, leading its own economy to the forefront of development, at the top of the industrial chain, and is the transformation that is urgently needed under the new normal of China's economy. In the process of transformation, some traditional “big projects” have been suspended, economic growth will slow down, and finally the industrial structure will be smoothly transformed.

GDP growth has shifted from investment-led to consumption-led. Under the traditional circumstances, investment-driven economic growth model will never return in China. In the future, the implementation of urbanization strategy, the speed of urbanization will continue to accelerate, and the urban-rural dual structure will break, making the economy new. The development under normal conditions has new features. Consumption will gradually become a driving point for economic development. The phenomenon of high savings rate in traditional China will also be broken. The development of credit market is gradually active. In the process from investment-led to consumption-led, short-term consumption is insufficient, and the scale of investment The reduction will make the GDP growth rate have a normal decline process.

The market plays a decisive role in economic development. The Third Plenary Session of the 18th CPC Central Committee announced the "Decision", and for the first time proposed to make the market play a decisive role in economic development. At present, the government continues to increase investment in people's livelihood, and the investment in the construction of affordable housing and the renovation of shantytowns continues to increase. However, the regulation of real estate has not been mentioned, and it will be adjusted by the market to achieve equilibrium. In the past, with the continuous adoption of monetary policy and fiscal policy intervention in the economy, China's economy has developed rapidly. In the process of transformation and adjustment to the market, the economic growth rate is expected to fall.

Accelerate scientific and technological innovation and talent strategy, and lay a long-term battle for GDP growth. Under the new economic normal, for the traditional enterprises, China's “demographic dividend” has greatly helped the economic development. With the commissioning and popularization of high-tech industries, China needs to pursue “talent dividends” to help improve the overall level of economic development. . While cultivating our own talents, formulating an effective talent strategy, absorbing more international talents to enrich the talent pool and diversifying it will be conducive to the sustained growth and prosperity of our economy. The implementation of the talent strategy will inevitably bring about a wave of scientific and technological innovation, accelerate its own technological innovation, and upgrade the level of industrial structure, which will lay a firm foundation for the new normal of the economy.

Throughout the history of the world, no country can maintain such rapid growth during the development process. In the post-financial crisis environment, even if China’s economic growth rate is expected to fall, compared with other Western countries, China Still maintaining a strong and rapid pace of development. The new normal of the Chinese economy will show the world a new and vibrant economic miracle. (Author: Ann week)

Alloy Steel Pipe

Alloy pipe is a kind of Seamless Steel Pipe, which is divided into seamless pipe for structural use and high pressure heat resistant Alloy pipe.Different from the production standard of alloy pipe and its industry, the mechanical properties of alloy pipe are changed by annealing and tempering to meet the required processing conditions.Its performance is higher than the general seamless steel tube's variable utilization value, the alloy pipe chemical composition contains more Cr, high temperature, low temperature and corrosion resistance performance.The general carbon seamless pipe does not contain the alloy composition or the alloy composition is little.

Application

Alloy tubes are more widely used in petroleum, aviation, chemical, electric power, boilers, military industries and other industries because their mechanical properties are more variable and easy to adjust.


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Chemical component

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Packaging Details

Plastic caps on both ends, Steel bundle, Woven bag or acc. to customers' request.

Delivery Time

15 days after receiving deposit

 

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