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.

Coal chemical projects

Since 2012, ASTM A53B thick wall Seamless Steel Pipe the coal industry of our country has entered the "winter", coal companies are targeting the extension of industry chain and the coal industry, the coal chemical sector management biggest. Coal companies hoping to "save".

"Coal enterprises of coal products are in accordance with their respective superiority to seek development." the jin coal group spokesman li tianshun said in an interview with China economic times reporter, because the jin coal group production of anthracite coal is high quality raw materials for the production of fertilizer, jin coal group with the conditions of the coal chemical industry enterprise consortium,carbon steel pipe fitting lr elbows 45 degree coal chemical industry is the important direction of the layout of the future.

Jin coal group is not a case. Shanxi coal industry 410.571 billion hall hall secretary, according to data released this year 1 - June, belongs to the five coal group, the total coal revenue was 410.571 billion yuan, up 48.53% from a year earlier. At the same time put forward "encourage the development of integration of coal,carbon steel concentric reducer coal coking coal, coal gas, such as in situ transformation project, realize the all-round, scale development, broaden the scope of coal utilization, convert coal from the fuel to the raw material".With the development of energy "twelfth five-year" plan, the prevention and control of atmospheric pollution article "ten" policy document published, such as modern coal chemical industry policy has become increasingly clear, encourage the moderate development.

YangMei group in the past, "a dominant" coal, chemical industry from scratch, YangMei chemical in only a few years time will become a shanxi coal chemical industry as one of the leading enterprises, and continue to run on this road.

YangMei chemical,seamless steel pipe astm a106 gr b according to the announcement on September 12, 2013 for the first time the extraordinary shareholders' general meeting examined and approved on investing in "JiShan urea transformation and upgrading of comprehensive utilization of coke oven gas to produce LNG power plant project," bill "and" on "ShenZhou chemical projects 220000 tons/year ethylene glycol" investment to set up the project company and make the creditor's rights financing bill.

YangMei chemical industry in 2013 and a half, according to data from the annual report net investment activities generated cash flow in the first half of this amount - $1945910273.75, amount - $287524578.02 phase than the same period last year, down 576.78%, one of the main reason is the first half of cangzhou is yuan, taiyuan chemical machinery into the sprint phase of construction projects, increase the investment dynamics, and ShenZhou glycol project starts the year-on-year rate of increase in the construction of fixed assets or larger. In addition, the r&d expenditure increased by 45% year-on-year in the first half of the year.

Local government debt exceeding 20 trillion lame old mode

Researcher at the institute of Chinese academy of social sciences financial Liu Yuhui weibo said at the meeting, the Chinese local government debt a conservative estimate total scale has reached 20 trillion yuan,API 5L steel pipe wall thickness 50mm the China banking regulatory commission recently a baseline survey of local government debt, according to preliminary statistics within the credit scale of about 9.7-9.8 trillion, from the shadow banking, collections and other channel business scale of about 13-14 trillion, the local government of BT construction scale is about 6-7 trillion.

This number is significantly higher than the national audit office revealed at this year "two meetings" of the level of 15-18 trillion. In recent two or three years,Industry Standard Welding Neck Flange China's local debt scale is expanding rapidly, and the China's local government debt scale accurately, there is no unified caliber, the central bank, the national audit office, the China banking regulatory commission are based on their lines of business survey is calculated.

At present, the local governments have a variety of debt financing channels,JIS B2220 Blind Flange including traditional local government financing platform loans, in addition to a large number of shadow banking financing channels, such as local government bonds and the city of debt, cooperation with the trust issue trust products, and issued by insurance company infrastructure bond investment products and so on.

In the company chairman Feng Guanghua thinks,sch80 carbon steel Round tube suppliers to the financing platform as the main body, to the land reserve as a mortgage, the bank credit as the main source of funds "financing model has been proved unsustainable, individual regions debt paying ability is weak, some did not include the debts of the budget management in a recessive state for a long time, lack of corresponding supervision creating risks, with massive debt maturing, individual local government fiscal and debt sustainability face a severe test.

However, given the new urbanization will be become the new engine for China's future economic growth and local government still has a strong financing needs. In Liu Yuhui point of view, the current local government debt on the brink of out of control, many local governments have a lot of interest for more than 8% of one to three years of short-term funds, into the most return period in more than 10 years of infrastructure construction, the funds use the length of the "mismatch" phenomenon.

Liu Yuhui that issue local government bonds, is to solve the new funding sources of long-term mechanism of urbanization, but before the large scale of local government debt issued, a foundation is provided for a clear, to do a good job of rating. Li Yang, vice President of the Chinese academy of social sciences, said the local government to be given the right to issue bonds, premise is one of the rights to the restraint of social forces, must establish the corresponding constraint system.