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[SMM Steel Morning News] SASAC: the growth rate of fixed asset investment in central enterprises is accelerating month by month.
Jul 17,2020 08:56CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

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"rising factors

1. Tangshan environmental protection and production restriction control has been further tightened.

From July 16 to 18, Tangshan is dominated by southerly and southeasterly winds, with high temperature and strong light, and a moderate pollution process with ozone as the primary pollutant is expected. In accordance with the requirements of the provincial department, on the basis of the control measures in July, the following control measures were taken from 16:00 on the 16th to 10:00 on the 18th. Among them, the sintering machine retained by iron and steel enterprises was reduced to 50% of the throttle production on the basis of management and control measures in July, and it is forbidden to replace the sintering machine.

2. SASAC: the growth rate of fixed asset investment in central enterprises is accelerating month by month.

According to data provided by the State-owned assets Supervision and Administration Commission of the State Council, since the full resumption of work in March, the monthly fixed asset investment of central enterprises has returned to positive growth, with monthly investment growth rates of 4.1%, 11.8%, 13% and 21.2%, respectively. In terms of sectors, investment in fixed assets in power generation, automobile, communications, metallurgy and other industries grew by more than 15% in the first half of the year. Among them: in the first half of the year, the investment in national fixed assets of communications enterprises increased by 18.7% compared with the same period last year, accounting for 41.4% of all central enterprises; and the fixed asset investment of power generation enterprises increased by 42.6% in the first half of the year.

 

Downside factor

1. The Ministry of Emergency Management issued a national comprehensive risk warning reminder for natural disasters.

The Emergency Management Department issued a national comprehensive risk warning for natural disasters in the next three days on the 16th. It is expected that from the 17th to the 19th, there will be relatively heavy precipitation in the eastern part of the southwest, the south of Huang-Huai, Jianghan, and the north of the Yangtze River. The heavy precipitation areas in the upper and middle reaches of the Yangtze River overlap with the previous period, the high water level in the middle and lower reaches of the mainstream continues, and there will be an obvious flood process in the main stream of the Huaihe Sichuan, Chongqing, Guizhou, Hubei, Hunan, Jiangxi, Henan, Anhui, Jiangsu, Shandong and other places have a high risk of flood disasters, and the risk of mountain torrents and geological disasters has increased.

 

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