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[SMM Steel Market Morning News] increasing the effect of issuing Special Bonds shows that the growth rate of Infrastructure Investment picked up month by month in the third quarter.
Oct 21,2019 08:55CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Monday, 21 October 2019

Breakfast news

Rising factor

1. Increasing the effect of issuing Special Bonds shows that the growth rate of Infrastructure Investment rebounded month by month in the third quarter

Since the beginning of this year, the issuance scale of local government special bonds has been increasing, and the progress of issuance has been accelerating, and the effect has been shown up to now. Zhang Jun, chief economist and head of the research department of Morgan Stanley Huaxin Securities, believes that at present, various localities are reporting special debt projects one after another, which will give full play to the role of special bonds in leveraging social funds and stimulating effective investment, and ensure that special debt investment and other social investments form the greatest joint force. With the early issuance of the special debt line, it is expected that the bottom-supporting effect on the economy will be further enhanced.

 

Falling factor

1. Car market inventory high car dealers ushered in life and death robbery

The car market is in the doldrums, the car dealers at the front end of the car deal tend to be the first to feel the "cold and warm" of the market. According to the all-China Federation of Industry and Commerce Automobile Dealers Association, 53.5 percent of dealers lost money in 2018, and 27.1 percent of dealers lost money for three consecutive years from 2016 to 2018, a situation that did not improve in the first half of this year.

two。 The growth rate of national land price slowed down in the third quarter compared with the same period last year.

Recently, the Urban Land Price dynamic Monitoring Group of the China Institute of Land Survey and Planning released the Land Price Monitoring report of Major cities in China in the third quarter of 2019. According to the report, the overall land price level and year-on-year growth slowed in the third quarter of this year. Among them, the growth rate of residential land prices has slowed for six consecutive quarters. The report predicts that in the future, domestic macro policies will further fall to the ground, the national economy will continue to remain stable on the whole, and the regulation and control of the real estate market It is expected that the main monitoring of urban land prices as a whole to maintain a low rate of growth, the growth rate of differences or narrowing among the various uses, the hot urban residential land market to maintain a stable trend.

 

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