In recent developments, the China Economics Industry Index Research Center of the Economic Daily and the National Bureau of Statistics' China Economic Climate Monitoring Center jointly released a comprehensive report highlighting key trends in China's industrial sector. Pan Jiancheng, deputy director of the National Bureau of Statistics’ China National Economic Statistics Monitoring Center, emphasized that overcapacity remains the most pressing issue in current industries. Under the policy framework of steady growth, structural adjustment, and reform, the macroeconomic outlook for this year is expected to remain stable and positive.
Domestic steel demand is anticipated to grow, albeit at a slower pace. With the implementation of the "Air Pollution Prevention Action Plan" and the "Guiding Opinions on Resolving Severe Overcapacity," new steel capacity expansion is likely to be curbed, while the removal of outdated production capacity will accelerate. This dynamic is expected to result in a weak balance between supply and demand, offering some support to steel prices, though low-level consolidation is unlikely to change significantly. As a result, the steel industry’s already thin profit margins are expected to persist.
According to the boom monitoring results, the China Economic and Industrial Industry Climate Index has remained stable for six consecutive quarters, with only a 0.2-point fluctuation. In the fourth quarter of 2013, the overall industrial sector showed stability, with many operational indicators performing consistently. The index stood at 95.3 in Q4 2013, slightly down by 0.1 point from the previous quarter. Among the key industries monitored, nine sectors—including equipment manufacturing, coal, oil, steel, non-ferrous metals, chemicals, and home appliances—remained stable or showed minimal changes compared to the prior quarter.
From a production perspective, the industrial output growth rate was 10.0%, matching the previous quarter’s 10.1%. On the pricing front, from October to December 2013, both the purchase and ex-factory prices of industrial producers saw near-zero growth. Employment data also reflected stability, with the number of large-scale industrial enterprises increasing by 1.8% year-on-year, similar to the previous quarter.
Pan Jiancheng noted that the stability of economic operations is rare in history. Despite global economies operating in a low-growth environment, major developed and developing countries have seen much lower growth rates than China. Yet, the industrial climate index has maintained a steady trend, which is commendable. For seven consecutive quarters, China’s GDP has fluctuated between 7% and 8%, while industrial producer prices have shown zero growth for three months straight, and industrial GDP growth has remained stable.
He pointed out that behind these numbers lies an ongoing optimization of the development structure. Consumer-related industry sentiment is rising, while resource-based industries are showing signs of decline. A steady growth path helps avoid the negative cycles of overconsumption and underutilization caused by economic volatility, reduces policy instability, and provides a more favorable environment for reform and transformation.
However, challenges remain. Overcapacity and insufficient demand continue to constrain industrial growth. Pan noted that the accumulated excess capacity in sectors like steel is difficult to resolve quickly. To maintain stable and healthy growth, he stressed the need for continued reform and transformation, enhancing marketization, encouraging private investment, and fostering a more competitive business environment.
The monitoring results also revealed that after removing random factors such as policy influences, the China Economic and Industrial Boom Index fell slightly by 1.6 points in Q4 2013 compared to the unadjusted index. However, the difference was only 0.2 points higher than the previous quarter. Over the course of the year, the adjusted index remained lower than the unadjusted one, indicating that policies have contributed positively to industrial stability.
In the past year, industrial efficiency improved, profits grew significantly, and overall operational quality enhanced. Consumption and equipment manufacturing sectors expanded rapidly, while the growth of high-pollution and high-energy industries slowed, leading to a more optimized industrial structure.
Looking ahead to 2014, the report suggests that China's economic fundamentals remain strong, with favorable domestic and international factors continuing to accumulate. The industrial economy is expected to show further improvement. It is projected that the industrial prosperity index for the first and second quarters of 2014 will be 95.2 and 95.3, respectively, indicating a trend toward stability.
Bestware Sensor Drinking Bubbler Tap brings the fine design and high technology together in all areas of the product process beyond Pull Out Faucet , Commercial Faucet and Commercial Kitchen Faucet. With extensive range of components, we can offer a large selection of both standard Pre-rinse Faucet and custom Basin Tap units as well as flexible combination. Stainless steel is 100% recyclable and is comprised of over 60% recycled material, Bestware faucets are the perfect solution in the commercial and industry for better water quality and the circumvention of the development of deleterious substances and bacteria. No plating, no oxidizing, no rust, lead free.
Sensor Drinking Bubbler Tap,Infrared Sensor Faucet,Automatic Water Tap,Sensor Water Tap
Bestware Hardware Production Co., Ltd. , https://www.bestwaremfg.com