15th Steel Development Strategy Conference, host by
SteelHome, was successfully held in International Convention Center
during April 12-14, 2019. Around 1000 delegates from governments,
associations, steel mills, miners, traders, research institutes attended
the one of biggest events in China steel industry.
8th International Raw Materials Supply Chain Summit, 9th Coal
& Coke Development Strategy Conference, 7h China Commodities E-Commerce
Summit and 2019 SteelHome Spring Report were simultaneously held.
On the morning of April 13, Hou Yunchun, CPPCC National Committee member
and president of the China Enterprise Evaluation Association, made a
report on "2019 Domestic Macro-economic
Situation”
Hou Yunchun, President, China
Enterprise Appraisal Association
Summary of speeches
The two sessions: employment, environmental protection, China's economic
development trend and Sino-US trade wars are hot spots. GDP in 2018 is
90 trillion yuan (136,000 US dollars), GDP per capita is close to
$10,000.
China's economy is currently at a stage driven by innovation. The drive
to economy has shifted from investment and export to the expansion of
consumption.
From the Engel coefficient, the data in 2017 is 29.39%, and in 2018
28.4%, indicating that China is affluent at this stage.
The largest space of China's development is in the tertiary industry,
but the manufacturing industry cannot be ignored. In 2018, the
urbanization rate is 59.58%, and after removing the floating population,
it is about 50%. The 50% urbanization rate shows two important problems:
First, urbanization is in the fastest period; second, it is the cordon
of lots of contradictions.
The followings are inevitable to human development: A new round of
technological revolution, a stage for human transforming from the
industrial age to the intelligent one, the traditional industry
embracing the digital economy, and the development of economic
globalization.
In 2019, the risks and difficulties faced by the economy are greater. We
cannot be optimistic about the global economy, but also cannot be
pessimistic about China’s economy.The global economic growth rate
predicted at the beginning of the year was 3.3%. Recently, the forecasts
of the economic growth rate of the major institutions in 2019 have
experienced different degrees of decline compared with the beginning of
the year. Only China's economic growth rate increased.
Forecast in 2019: 1. The decrease of global economic growth rate is
inevitable, and it is more pessimistic than the beginning of the year.
2. The United States no longer raises interest rates, and the economy
faces more uncertainty. 3. China's economy is stable and the trade war
is coming to an end. Both China and the United States have signs of
concession. |