Home / Metal News / Steel & Iron Ore / [SMM Steel Morning News] the US Consulate General in Chengdu closed the rain in the middle and lower reaches of the Yangtze River and pressed the "suspension button"
[SMM Steel Morning News] the US Consulate General in Chengdu closed the rain in the middle and lower reaches of the Yangtze River and pressed the "suspension button"
Jul 28,2020 01:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

News breakfast

"rising factors

1. Further enhance the coordination of macro policies to ensure the achievement of annual targets and tasks. "

In the face of the sudden epidemic, the central government held successive meetings to co-ordinate the prevention and control of the epidemic and economic and social development. The meeting of the political Bureau of the CPC Central Committee in late February adjusted the tone of fiscal policy from "vigorously improving quality and increasing efficiency" to "more positive and promising." the tone of monetary policy has been adjusted from "flexible and moderate" to "more flexible and appropriate," and the meeting of the political Bureau of the CPC Central Committee in mid-April put forward the goal of "six guarantees" for the first time, facing challenges and striving to maintain the bottom line. In the second half of the year, policies are still needed to play a hedging effect to protect the economic rebound. In addition to enhancing the pertinence and timeliness of macro policies, it is also necessary to further enhance the coordination of policies, give full play to the effectiveness of policies, and ensure the achievement of annual targets and tasks.

two。 The profit growth rate of industrial enterprises continues to accelerate. More than 90% of the industries rebounded in the second quarter.

According to data released by the National Bureau of Statistics on the 27th, the total profits of industrial enterprises above the national scale reached 666.55 billion yuan in June, an increase of 11.5 percent over the same period last year, an increase of 5.5 percentage points over May. In the first half of the year, the profit growth rate of industrial enterprises showed a trend of "low before and then high, from decline to rise", and the profit growth rate of more than 90% of the industry picked up in the second quarter.

3. Major projects begin one after another to build a digital economy. Press the fast-forward button.

At the beginning of the second half of the year, localities have pressed the fast-forward button for the construction of major projects in the digital economy. Since July, the Hunan big data Trading Center project has started construction in Changsha, with a total investment of 300 million yuan and a planned total construction area of 45000 square meters, which will further promote the strategic layout of Hunan's digital economy industry. In Zhejiang, the cloud computing data center project with a total investment of 15.8 billion yuan has officially begun, which will help build a national digital economy demonstration province in Zhejiang province. In addition, Zhuzhou High-tech Zone also recently launched the construction of a digital economy industrial park, with a total investment of about 600 million yuan and will introduce 1000 enterprises. Shaanxi also said that it is actively establishing a national pilot zone for the innovation and development of the digital economy. at present, various prefectures and cities have identified 12 digital economy demonstration zones, 34 digital economy demonstration parks and 90 digital economy demonstration platforms.

Downside factor

1. Novel coronavirus, assistant to the US president for national security affairs, tested positive.

On the morning of the 27th US Eastern time, CNN reported that Robert O'Brien novel coronavirus, Assistant to the President for National Security Affairs, tested positive. O'Brien has been working from home since last week. The report also said that Trump himself and O'Brien last attended a public event on July 10, and it was not clear whether the two had met since then.

Hot news

Price forecast
car
morning news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn