Economy stabilises

For the reason of the economic data showed signs of improvement, state-owned assets supervision and administration commission of the state council, a researcher at Hu Chi told reporters that the market has been hope for reverse in macroeconomic data as soon as possible, but due to no improvement in the first half of the demand, this transition has not arrived. But further emphasized in senior government "steady growth", expectations that the government would have a mild stimulus measures, the improvement of investment, market confidence restored; Plus enterprises have after more than half a year of adjustment, inventory and efficiency are improved, so the STD seamless steel pipe ASME B36.10m economic data also appears some improvement.
On August 10, the national development and reform commission Chen, vice President of the macroeconomic research institute, said at the annual meeting of the zhejiang chamber of commerce in Shanghai, according to his latest understanding of the Chinese economy may be in the third quarter, the fourth quarter of stabilization.

Chen think China in improving the overall internal environment, including the PMI falling to rising, social power consumption increasing, freight index improved, active inventory, the central fiscal revenue growth, etc.

There is no lack of recent academic circles also think that the Chinese economy will bottom of stabilization. Mizuho securities chief economist for greater China shen jianguang thinks, industry, import data better, consistent with the increase of demand for raw materials. He expects the economy bottoming out in the third quarter; The state information center, seamless steel tube manufacturers ministry of economic forecasting macroeconomic research director NiuLi told reporters, overall, China's economy is stabilizing, and slightly rebounded.

According to the United States, the Wall Street journal, China's economy may have bottomed in the second quarter, the remaining months of the Chinese economy will steadily expanding, this will be a boost to global economic growth. Overseas demand for Chinese exports stronger than expected, promotes astm a53/a106 steel tube standards the growth of China's manufacturing industry; At the same time, imports more than expected growth means that China's domestic demand is strengthening.

British Reuters quoted analysts as saying that the latest data show that China's economy at least in the short term has been smooth, government efforts to reverse the decline in economic growth has worked; Barclays bank several analysts argue that a series of data will help China achieve full-year growth of 7.5%.