[June 11 SMM Steel Market Morning News] active fiscal policy makes efforts to stabilize investment and formulate major project investment plans.-Shanghai Metals Market

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[June 11 SMM Steel Market Morning News] active fiscal policy makes efforts to stabilize investment and formulate major project investment plans.

Translation 08:44:56AM Jun 11, 2019 Source:SMM

Tuesday, June 11, 2019

News breakfast

Rising factor

1. Positive fiscal policy will make efforts to stabilize investment and formulate major project investment plans in many places.

Recently, Anhui, Hunan and other places announced a number of major investment projects, involving railways, high-end equipment manufacturing and other fields, with a total investment of more than one trillion yuan. In addition, Shaanxi and other places have also concentrated on a number of major projects one after another. This year, the central government will allocate 577.6 billion yuan in infrastructure investment, which will further optimize the direction and structure of investment and support the construction of key areas and weak links in transportation, water conservancy, energy, ecological environmental protection, agriculture and rural areas.

Falling factor

The inventory coefficient of automobile dealers in January and May is 1.65 and the inventory level is above the warning line.

According to a survey released by the China Automobile Circulation Association, the comprehensive inventory coefficient of auto dealers in May was 1.65, up 4% from a year earlier, down 18% from the previous month, and the inventory level was above the warning line. The China Automobile Circulation Association said that under the influence of the country's five countries and six switching policies, dealers are under increased pressure to clear warehouses and enter cars more cautiously. As the car market entered the off-season in June, the pressure on dealers increased further.

Hot news

Yesterday's review


Key Words:  Car  morning news 

[June 11 SMM Steel Market Morning News] active fiscal policy makes efforts to stabilize investment and formulate major project investment plans.

Translation 08:44:56AM Jun 11, 2019 Source:SMM

Tuesday, June 11, 2019

News breakfast

Rising factor

1. Positive fiscal policy will make efforts to stabilize investment and formulate major project investment plans in many places.

Recently, Anhui, Hunan and other places announced a number of major investment projects, involving railways, high-end equipment manufacturing and other fields, with a total investment of more than one trillion yuan. In addition, Shaanxi and other places have also concentrated on a number of major projects one after another. This year, the central government will allocate 577.6 billion yuan in infrastructure investment, which will further optimize the direction and structure of investment and support the construction of key areas and weak links in transportation, water conservancy, energy, ecological environmental protection, agriculture and rural areas.

Falling factor

The inventory coefficient of automobile dealers in January and May is 1.65 and the inventory level is above the warning line.

According to a survey released by the China Automobile Circulation Association, the comprehensive inventory coefficient of auto dealers in May was 1.65, up 4% from a year earlier, down 18% from the previous month, and the inventory level was above the warning line. The China Automobile Circulation Association said that under the influence of the country's five countries and six switching policies, dealers are under increased pressure to clear warehouses and enter cars more cautiously. As the car market entered the off-season in June, the pressure on dealers increased further.

Hot news

Yesterday's review


Key Words:  Car  morning news