Tuesday, 28 May 2019
1. The NDRC has issued 89% of the investment in the central budget around the combination of fists and fists.
Ning Jizhe, deputy minister of the National Development and Reform Commission, said in a joint interview with the media recently that we should speed up the use of investment arrangements within the central budget. At present, 89 percent of the investment in the central budget of 577.6 billion yuan this year has been issued, which can lead to trillions of yuan of social investment. We will speed up the completion of weaknesses such as infrastructure and public services, implement technological transformation and equipment upgrading in the manufacturing industry, appropriately reduce the proportion of capital in projects such as infrastructure, and promote the construction of new infrastructure in the fields of telecommunications and the Internet. We will promote major regional strategic projects and establish and improve a long-term mechanism for attracting private capital investment in key areas. At the same time, it is also necessary to speed up the implementation of policies to promote consumption in the fields of automobiles, household appliances, information, old-age care, child care, domestic economics, and so on.
1. The policy of Guozhou 6 emission standards and the increase of purchase tax will probably lead to the continued downturn of the car market.
On the 27th, the China Automobile Circulation Association issued the "advance implementation of the sixth Emission Standard for the Automobile Market and recommendations", which said that the government can give car dealers a transition period of not less than three months. The manufacturer shall be able to stop supplying country five standard products to dealers in the relevant region. And on July 1, 2019, after the transition period, the manufacturer will buy back the unsold country five standard products. The implementation of Guofu obviously curbs the production and sales of automobile enterprises, thus affecting the procurement of relevant iron and steel. In addition, in the overall market downturn, car dealers will face no less than three months of transitional period of national five models inventory pressure.