New pattern is taking shape

The global financial crisis, not only make the important role of credit rating, more promote the generation of new pattern of international credit rating market.After dagong first, after sending the "voice of China" in the international market,Used for water transportation fluid low pressure steel tube October 24, 2012, by China's dagong, egan Jones rating companies in the United States and Russia, the credit rating company has set up a new international rating organization jointly promoted "credit rating group of the world" (hereinafter referred to as "the letter group"), committed to promoting the construction of an independent international rating regulatory system, to provide a fair rating information around the world.

On "Asia's credit system construction peak BBS", credit group chairman, dagong chairman guan jianzhong said in the world,24 inch 90 degree ASME carbon steel elbow and supported by dagong and a Russian government agencies launched the china-russia joint rating agencies in the works.

As early as in 2011 the euro zone in the European debt crisis, the European Union angrily denounced the three fall,ANSI B16.5 Class150 lb Threaded Flanges abuse of power rating, a rating agency, exacerbated the market's fears of European debt crisis, become one of the driving force of contagion.

Foreign investors have no withdrawal from India

"21st century" : last year, some foreign investors have announced the withdrawal from India, how do you think about this phenomenon?Birla: this is two different things. In India, investors did not withdraw. In fact, they actually increased the investment in India, such as unilever has added $5 billion investment. The problem is that foreign investors, the speed, things went like when need to commandeer land.

Is not only the foreign investors, have also complained that the domestic investors. We welcome foreign investors, also welcome people in India do more investment. But, unfortunately,JIS 10K SOH RF Flange in the past two years, this situation did not happen. We hope that under the leadership of the new government will solve this problem.

"21st century" : how do you expect a month after the election results? If people's party (PPP) moody's election, what do you think now policy on economic policy, in particular, will have what change?

Birla: it's hard to say. The current findings, the government will change. But no matter who ultimately are on stage,45 degree short radius pipe fitting elbows all need to focus on the development, have no other choice.The 21st century: what do you think for the next government, which is an urgent need to solve problems?

Birla: one of the most important problem for the government's inflation. Because inflation caused great influence to public life, especially in the past two or three years. Second is there are a lot of investment has been planned, but didn't finish. The government must be sorted out, clear and solve these problems. The third is the sources of energy. This problem is very complex. India's domestic coal resources, but can't processing production, many coal mine has been shut down, so I had to import a large number of coal, which affect the energy supply. The fourth is the monsoon season,ASTM A333 low temperature environment seamless steel pipe this is a risky factors, the government need to consider how to deal with the possible impact on agriculture, about 60% - 70% of the population engaged in agriculture in our country.

"21st century" : what do you think about India from "brics countries" to members of the "five" fragile change?Birla: I don't think we are vulnerable. The development of each country will have ups and downs, this is not the real problem, must carry out the real problem is that growth, job creation. If you can and it is fragile.

Nine of the state council executive meeting decided "list"

Last year on March 17, in the 12th concluded a meeting of the National People's Congress, during a meeting with reporters after the newly elected premier li keqiang commitment,STPG370 seamless carbon steel pipe "now the various departments of the state council administrative examination and approval matters and more than 1700, the government decided to cut another one-third or more of the".Since then, a new round of reform of the administrative examination and approval system.

In 11 important meeting since then, Mr Li to the reform of the administrative examination and approval system deployment, nine of them are li chaired a state council executive meeting,carbon steel api 5l x65 psl1 pipe 9 meeting to finalize the cancel and lower the administrative examination and approval of the project "list", introduced a strictly control new administrative licensing and other measures.

Two other important meeting are respectively work agency under the state council to be able to change the national TV conference calls, and the functional change of local government institutional reform work picturephone meeting.In each meeting,carbon steel pipe elbow 6 inch li puts forward "all that is suitable for the market, the responsibility for social organization, can all be commissioned, contract, procurement mode to the market and social organizations, government office or not, don't keep institutions", etc.Under the drive of the state council, since last March 5 batch, cancellation, and down the 362 items of administrative examination and approval.

The five group profit at a record high

Five big power group recently, according to the financial data published in 2013, five big power group profit totalled 74.034 billion yuan, more than 46 billion yuan in 2012 by more than sixty percent,ASTM a106/a53 steel tube trading company a record since 2002.

Shenyin wanguo Yu Wenjun industry analyst, thermal power enterprise profitability in 2013 again on a new step, is the big winner of the last year.22 of the electricity companies earnings forecast, forecast earnings have 19, the proportion is as high as 86%;Expected performance in the company is not in the minority, among them,carbon black steel pipes fittings tee weight the investment is expected to grow by 200% power, huadian power international is expected to grow 170% to 195%, star power, sichuan for energy companies such as much growth forecast results.However, not all of the electric power enterprises are profitable, the Wind data show that so far, actively power, leshan electric power, qian source power three companies have forecast a loss.

Qian source power, said last year after entering air circumfluence, guizhou drought in different degree and the river basin water power station belong to sharply reduce year-on-year,Carbon steel sch 20 elbow generating revenue, expect the company 2013 annual loss of 95 million yuan to 100 million yuan.Leshan electric power is because production technological upgrading, and operating losses of about 223 million yuan in 2013, and the polysilicon inventories, fixed assets, projects under construction provision for impairment loss of about 516 million yuan.

Modest recovery of the world economy

In 2014 the world economy is expected to further out of the crisis, continue to moderate recovery, but it still may be in a fragile balance adjustment cycle again."The United States,A106b steel tube large diameter ERW steel pipe Japan recovery slow, Europe stabilised" pattern will be presented.In 2014 the U.S. economic recovery continues, QE ebb tide.Benefiting from the federal reserve for more than five years of quantitative easing (ap) -- stocks rose, the real estate market recovery, accounts for about 70% of all economic activity in the United States in 2014 private sector consumer spending will be turned to expand further, thus fundamentally promote economic recovery in the United States.Preliminary estimates of America's GDP growth in 2014 is expected to rebound to about 3%.GDP growth in the United States, in the context of global capital flows to continue to rebound, the fed liquidity monthly contraction of environment, the international capital risk appetite will tend to rise, money back stocks pursuit of rights and interests of the trend of the asset class will also increasingly apparent.

In 2014, the Japanese economy will back slightly, pattern of quantitative easing.Subject to consumption tax rise sharply (to ease market concerns over Japan's public debt ratio is greater than 200% of GDP, Mr Abe's government decided in April 2014,Carbon steel GI pipe and fitting the consumption tax from the current 5% to 8%), domestic demand caused by the falling impact, in 2014, Japan's GDP growth is expected to back slightly to about 1.5%.In Japan's economic growth rate dropped slightly, the amount of debt monetization pattern continues under the background of wide, 2014 Japanese yen may occur further depreciation, capital periodically outflow.

In 2014 the euro zone economy will stabilise, the European central bank or launch a deposit a negative interest rate policy.Is expected in 2014 as the economic downturn continues in the euro area, the area under the background of "deflation" risk does not remove,Long Radius 90 Deg carbon seamless elbow the European central bank deposits or passive release negative interest rates policy.However, quarterly GDP trend from Germany and the shape of the height of the euro exchange rate linkage, the steady GDP growth in Germany led by the euro exchange rate stable, basic there was no systemic capital flight in the euro zone.Economic growth, given the recent ChongZhaiGuo such as Ireland, Spain's economy has started to appear signs of improvement, coupled with economic performance in robust core countries Germany, in 2014 the euro zone economy is expected to get rid of the negative for two years, began to appear weak growth.

The financial crisis has prompted the European and American strengthen supervision shadow Banks

The financial crisis has witnessed the shadow Banks so much financial fragility and infectious,ASTM A234-wpb short radius elbow 90deg which makes the European and American regulators have to strengthen the oversight, including expanding the scope of the regulation and monitoring of systemic risk and the establishment of international regulatory standards and promote the international cooperation between regulatory system, etc.In June 2009, the European Union has issued the eu financial regulatory system reform, in June 2011, the Obama administration to launch a new financial regulatory reforms, the fed became the core regulators.Europe and the United States covers all financial institutions, the new regulatory system covers all financial derivative financial instruments, including alternative investment and commodity trading,CS Piping and plumbing fitting china supplier financial institutions to expand to the shadow banking, alternative investment institutions, hedge funds, private equity, etc.And requires all financial institutions cooperate with regulators, provide enough information for effective systemic risk regulation, these reforms will effectively restrict shadow Banks all kinds of covert operations.

Except for countries to strengthen the regulatory reform, establish the unified regulation of international standards,OD 273mm API 5L industrial carbon welded steel pipe promoting international cooperation is also important gripper for the global shadow Banks to strengthen supervision.The G20's FSB determine the regulation of the shadow banking system in five key areas, and reach a consensus in the international society.One is to alleviate the shadow banking system and the traditional banking system, spread effect;2 it is to reduce the probability of money market funds run;Three is to monitor and reduce money-market funds other than the shadow banking institutions to the systemic risks of;Four is to control risk of asset securitization;Five is to monitor the securities financing and repurchase.On this basis, the FSB proposed shadow banking risk identification method of "three steps", a generalized the size of the shadow banking system is monitoring, 2 it is to identify systemic regulatory arbitrage and the risk of narrow shadow banking system, the leverage and maturity transformation and liquidity transformation characteristics will serve as the main measure and regulatory focus, three is the detailed assessment of systemic risk and regulatory arbitrage space.

Temporary absence quotas

Since the implementation quotas on rare earth exports, baotou rare earth quotas obtained volume has been the top one in 2013,carbon steel seamless A106 steel pipe the first quota allocation, the company won a heavy rare earth a total of 553 tons.
It is understood that in 2014, rare earth quotas issued a total of 15110 tons, involving enterprises including minmetals rare earth (22.95, 0.76, 3.21%) group co., LTD., China sinosteel corporation, chinalco rare earth (jiangsu) co., LTD., and so on more than 20 enterprises.According to the published quotas, light rare earth is 13314 tons, 1796 tons of heavy rare earths in, respectively, than in 2013, the first quota reduces the amount of 247 tons and 142 tons.