![<?echo $_SERVER['SERVER_NAME'];?>](/template/twentyseventeen/skin/images/header.jpg)
Entering 2008, the global Shantou encountered the “cold economyâ€, such as the stock market crash caused by the US subprime mortgage crisis. Its momentum is so fierce and “cold†is so heavy that there are people in the country who worry that the Chinese economy will contract this year. There are also speculations that the central government may adjust the "two defenses" policy proposed at the end of last year to prevent the rapid growth of economic growth from overheating and preventing price from a structural rise to a marked inflation. The latest statistical data released by the National Bureau of Statistics on February 18, 2008 made people feel unexpected and seemed to be expected.
Among the latest statistical data released by the National Bureau of Statistics, two data are of the most concern: First, affected by factors such as the Spring Festival and the snowstorm, the Chinese consumer price index rose by 7.1% year-on-year in January this year, a monthly new high since 1997; Second, in January this year, new loans exceeded 800 billion yuan in one fell swoop, setting a new record for monthly new loans since the statistics.
The two "new heights" make the "two defenses" appear realistic. Then, where is the meaning of "two defenses"? What is the impact of the "two defenses" on the chemical industry?
The reporter interviewed Yu Changbin, a researcher at the China Enterprise Development Research Center.
Reporter: The central government has proposed to prevent such prices from shifting from structural growth to inflation. Why is the Central Government worried about this?
Yu Changbin: National Bureau of Statistics data show that in 2007 the Chinese consumer price index rose by 4.8%, an increase of 3.3 percentage points over the previous year. In January of this year, China’s consumer price index rose by 7.1% year-on-year, reaching a monthly high since 1997. One of the main signs of obvious inflation is the overall rise in prices. If inflation exceeds 10%, it is a serious inflation. The two inflations that occurred in our country in 1988 and 1993 were serious inflation. The effect of these two inflations on the tail-high price increases is a new memory.
Reporter: What are the possible causes of inflation?
Yu Changbin: From a global perspective, China's inflation level is significantly lower than the average level in developing countries. However, the increase in the prices of certain commodities in the international market has affected the prices in the domestic market. The international oil crisis, the rapid rise of bio-energy, and the soaring prices of agricultural products are currently affecting the Chinese economy. These three factors are interrelated.
Let us talk about the oil crisis first. The current oil crisis is the soaring of international crude oil prices. On January 2 this year, the international crude oil futures price reached 100 US dollars per barrel. On February 19th, the international crude oil futures price once again rushed to 100 US dollars. On the same day, the March crude oil futures contract on the New York Mercantile Exchange closed at $100.01 a barrel. This is also the first time that crude oil futures prices have settled above $100.
Say bioenergy. The intensification of the oil crisis has promoted the development and utilization of alternative fuels - biofuel ethanol. On August 8, 2005, the United States enacted the New Energy Act. In January last year, President Bush issued a State of the Union address to further propose new energy strategic goals. By 2017, 35 billion gallons of alternative fuel will be consumed each year. This goal is a full 7 times the 2006 5 billion gallon target. According to the “New York Times†report, in 2007 there were 131 ethanol production plants in operation in the United States, and another 70 were under construction. It is estimated that they will consume about 130 million tons of corn in 2008, which is equivalent to half of the US corn production. From the current extraction technology, it takes about 25 kilograms of corn per liter of ethanol extracted. Based on this ratio, only the United States will achieve its 35 billion gallons target in 2017 and it will need at least 3.3 billion tons of corn. In 2006, the world's total grain output was less than 2 billion tons, only 1.967 billion tons. Such soaring demand for corn will inevitably break the balance between supply and demand of world food, causing a drastic change in the market.
Finally talk about the price increase of agricultural products. The United States is the world’s largest corn producer with an annual output of 260 million tons of corn, which accounts for 40% of the world’s corn production. In 2006, the United States used 1/4 of corn to produce 5 billion gallons of ethanol, making 10% of the world's corn production into ethanol. As a result, the prices of agricultural products in the world have skyrocketed and spread to countries around the world. The price of Korean domestic beef is the highest in the world, reaching US$59 per kilogram. Jordan's local lamb is more than 80 yuan per kilogram, Japanese pork is 100 to 130 yuan per kilogram, and chicken is 50 to 100 yuan per kilogram. Last year, China’s food prices rose by 12.3%. In food prices, food rose by 6.3%, meat and poultry products rose by 31.7%, and eggs rose by 21.8%. According to the National Information Center price model, for every 10% increase in oil prices, consumer prices rise by 0.25%, and the price of means of production increases by 0.9%. This means that oil prices, together with food prices, will become an important force to promote the rise of China's consumer price index.
Reporter: To prevent structural price rises from becoming full-scale inflation, what needs to be done by the chemical industry?
Yu Changbin: This is another prevention that the central government has proposed. It is to prevent the entire economic growth from shifting from fast to overheating. As long as the tendency of investment to shift from overheating to overheating is curbed, then it is impossible for prices to shift from structural upward to inflationary. Specific to the chemical industry, it should be under the guidance of the scientific concept of development, better use of interest rates, exchange rates, fiscal and taxation tools to prevent industry investment overheating. After all, chemical industry is a big investment.
Reporter: The country has decided to implement a "forced landing" macro-control policy to prevent investment overheating. What is "forced landing"?
Yu Changbin: "Forced Landing" means that the country can effectively curb economic growth by implementing a series of macro-control measures that limit the number of batches and prices. Judging from the current situation, there are two main ways for China to curb economic growth from overheating to overheating. First, the elimination of preferential policies for export encouragement, adjustment of export taxation policies, adjustment of raw material prices and energy prices, increase of environmental protection costs, and improvement of employees’ wages and benefits and other macroeconomic control policies can effectively reduce the trade surplus. The second is to implement a tight monetary policy and reduce the total money supply.
Reporter: What are the implications of these strategies for the chemical industry, which has long been driven by strong investments in economic growth?
Yu Changbin: I think that the first thing that affects the chemical industry is to cancel preferential policies that encourage exports and regulate export tax policies. Starting from July 1 last year, China has reduced the export tax rebate for chemical products in large scale. The cancellation of export tax rebates involves 385 varieties, which mainly include basic petrochemical products, basic inorganic chemical raw materials, metal and non-metal compounds, dyes and dye intermediates, etc. There are 239 varieties of export tax rebates reduced to 5%, mainly including basic organic chemical products, various types of additives, plastics, pesticides, rubber and viscose fibers. The focus of adjustment remains on high energy consumption, high pollution, and resource-based products. The export tax rebate policy has changed from the original taxation policy to the industrial adjustment policy. The adjusted products are the products that will restrict production and export in the future. Export tax rebate to the chemical industry's important branch of coal chemical industry, also brought a certain impact, mainly related to crude benzene, coking toluene, coking xylene and maleic anhydride, naphthalene and other products. The first three kinds of products were canceled export tax rebates, while maleic anhydride, naphthalene and other export tax rebate rate from the original 13% down to 5%. The export tax rebate rate for synthetic rubber, rubber products such as tires and pipe belts has also been reduced from the previous 13% to 5%. In the "2008 Tariff Implementation Plan" promulgated by the Ministry of Finance on December 26, 2007, the tax rates for coal-based coke and semi-coke were raised from 15% to 25%. You are a reporter. You should know that the chemical industry was affected by this policy in the past year. I think that this year, the state will still stick to these policies, and the intensity may be even greater.
Another policy that affects the chemical industry should be investment policy. The government will adopt more stringent macro-control policies this year to control new projects, strictly control new construction land, especially industrial land, and strengthen the supervision of investment activities of the entire society. For industries with high energy consumption and high pollution, new energy expansion projects will be strictly restricted and supervision and inspection of projects under construction will be strengthened. The most affected will undoubtedly be SMEs in the industry. The implementation of tight monetary policy may lead to the breakage of the capital chain of SMEs. Enterprises will be more difficult to lend to banks, resulting in tight funding for SMEs. The direct consequence is that some SMEs will be forced to stop production, reduce production, and even be Large-scale mergers and acquisitions or directly eliminated.
Reporter: Under the "two defenses", where are the opportunities for the chemical industry?
Yu Changbin: With the implementation of the national "two defenses" policy and the implementation of the "tight fiscal policy," the chemical industry may encounter more challenges. However, it should also be noted that there are both favorable and unfavorable aspects in any one thing. The appreciation of the renminbi is not conducive to exports, but it is conducive to imports, is conducive to the acquisition of foreign companies; the price increase of agricultural products is unfavorable, but the increase in farmers' income is conducive to boost domestic demand; migrant workers return to the labor market is unfavorable, but the migrant workers The vacancies left are beneficial for the city to provide a large number of job opportunities; the recent snowstorms in southern China are unfavorable, but the challenges brought by the business opportunities brought about by the disasters, brought about by the cohesion, brought about by the pull of domestic demand is advantageous. Therefore, under the "two defenses" decision, the chemical industry is a challenge and an opportunity to coexist.
Among the latest statistical data released by the National Bureau of Statistics, two data are of the most concern: First, affected by factors such as the Spring Festival and the snowstorm, the Chinese consumer price index rose by 7.1% year-on-year in January this year, a monthly new high since 1997; Second, in January this year, new loans exceeded 800 billion yuan in one fell swoop, setting a new record for monthly new loans since the statistics.
The two "new heights" make the "two defenses" appear realistic. Then, where is the meaning of "two defenses"? What is the impact of the "two defenses" on the chemical industry?
The reporter interviewed Yu Changbin, a researcher at the China Enterprise Development Research Center.
Reporter: The central government has proposed to prevent such prices from shifting from structural growth to inflation. Why is the Central Government worried about this?
Yu Changbin: National Bureau of Statistics data show that in 2007 the Chinese consumer price index rose by 4.8%, an increase of 3.3 percentage points over the previous year. In January of this year, China’s consumer price index rose by 7.1% year-on-year, reaching a monthly high since 1997. One of the main signs of obvious inflation is the overall rise in prices. If inflation exceeds 10%, it is a serious inflation. The two inflations that occurred in our country in 1988 and 1993 were serious inflation. The effect of these two inflations on the tail-high price increases is a new memory.
Reporter: What are the possible causes of inflation?
Yu Changbin: From a global perspective, China's inflation level is significantly lower than the average level in developing countries. However, the increase in the prices of certain commodities in the international market has affected the prices in the domestic market. The international oil crisis, the rapid rise of bio-energy, and the soaring prices of agricultural products are currently affecting the Chinese economy. These three factors are interrelated.
Let us talk about the oil crisis first. The current oil crisis is the soaring of international crude oil prices. On January 2 this year, the international crude oil futures price reached 100 US dollars per barrel. On February 19th, the international crude oil futures price once again rushed to 100 US dollars. On the same day, the March crude oil futures contract on the New York Mercantile Exchange closed at $100.01 a barrel. This is also the first time that crude oil futures prices have settled above $100.
Say bioenergy. The intensification of the oil crisis has promoted the development and utilization of alternative fuels - biofuel ethanol. On August 8, 2005, the United States enacted the New Energy Act. In January last year, President Bush issued a State of the Union address to further propose new energy strategic goals. By 2017, 35 billion gallons of alternative fuel will be consumed each year. This goal is a full 7 times the 2006 5 billion gallon target. According to the “New York Times†report, in 2007 there were 131 ethanol production plants in operation in the United States, and another 70 were under construction. It is estimated that they will consume about 130 million tons of corn in 2008, which is equivalent to half of the US corn production. From the current extraction technology, it takes about 25 kilograms of corn per liter of ethanol extracted. Based on this ratio, only the United States will achieve its 35 billion gallons target in 2017 and it will need at least 3.3 billion tons of corn. In 2006, the world's total grain output was less than 2 billion tons, only 1.967 billion tons. Such soaring demand for corn will inevitably break the balance between supply and demand of world food, causing a drastic change in the market.
Finally talk about the price increase of agricultural products. The United States is the world’s largest corn producer with an annual output of 260 million tons of corn, which accounts for 40% of the world’s corn production. In 2006, the United States used 1/4 of corn to produce 5 billion gallons of ethanol, making 10% of the world's corn production into ethanol. As a result, the prices of agricultural products in the world have skyrocketed and spread to countries around the world. The price of Korean domestic beef is the highest in the world, reaching US$59 per kilogram. Jordan's local lamb is more than 80 yuan per kilogram, Japanese pork is 100 to 130 yuan per kilogram, and chicken is 50 to 100 yuan per kilogram. Last year, China’s food prices rose by 12.3%. In food prices, food rose by 6.3%, meat and poultry products rose by 31.7%, and eggs rose by 21.8%. According to the National Information Center price model, for every 10% increase in oil prices, consumer prices rise by 0.25%, and the price of means of production increases by 0.9%. This means that oil prices, together with food prices, will become an important force to promote the rise of China's consumer price index.
Reporter: To prevent structural price rises from becoming full-scale inflation, what needs to be done by the chemical industry?
Yu Changbin: This is another prevention that the central government has proposed. It is to prevent the entire economic growth from shifting from fast to overheating. As long as the tendency of investment to shift from overheating to overheating is curbed, then it is impossible for prices to shift from structural upward to inflationary. Specific to the chemical industry, it should be under the guidance of the scientific concept of development, better use of interest rates, exchange rates, fiscal and taxation tools to prevent industry investment overheating. After all, chemical industry is a big investment.
Reporter: The country has decided to implement a "forced landing" macro-control policy to prevent investment overheating. What is "forced landing"?
Yu Changbin: "Forced Landing" means that the country can effectively curb economic growth by implementing a series of macro-control measures that limit the number of batches and prices. Judging from the current situation, there are two main ways for China to curb economic growth from overheating to overheating. First, the elimination of preferential policies for export encouragement, adjustment of export taxation policies, adjustment of raw material prices and energy prices, increase of environmental protection costs, and improvement of employees’ wages and benefits and other macroeconomic control policies can effectively reduce the trade surplus. The second is to implement a tight monetary policy and reduce the total money supply.
Reporter: What are the implications of these strategies for the chemical industry, which has long been driven by strong investments in economic growth?
Yu Changbin: I think that the first thing that affects the chemical industry is to cancel preferential policies that encourage exports and regulate export tax policies. Starting from July 1 last year, China has reduced the export tax rebate for chemical products in large scale. The cancellation of export tax rebates involves 385 varieties, which mainly include basic petrochemical products, basic inorganic chemical raw materials, metal and non-metal compounds, dyes and dye intermediates, etc. There are 239 varieties of export tax rebates reduced to 5%, mainly including basic organic chemical products, various types of additives, plastics, pesticides, rubber and viscose fibers. The focus of adjustment remains on high energy consumption, high pollution, and resource-based products. The export tax rebate policy has changed from the original taxation policy to the industrial adjustment policy. The adjusted products are the products that will restrict production and export in the future. Export tax rebate to the chemical industry's important branch of coal chemical industry, also brought a certain impact, mainly related to crude benzene, coking toluene, coking xylene and maleic anhydride, naphthalene and other products. The first three kinds of products were canceled export tax rebates, while maleic anhydride, naphthalene and other export tax rebate rate from the original 13% down to 5%. The export tax rebate rate for synthetic rubber, rubber products such as tires and pipe belts has also been reduced from the previous 13% to 5%. In the "2008 Tariff Implementation Plan" promulgated by the Ministry of Finance on December 26, 2007, the tax rates for coal-based coke and semi-coke were raised from 15% to 25%. You are a reporter. You should know that the chemical industry was affected by this policy in the past year. I think that this year, the state will still stick to these policies, and the intensity may be even greater.
Another policy that affects the chemical industry should be investment policy. The government will adopt more stringent macro-control policies this year to control new projects, strictly control new construction land, especially industrial land, and strengthen the supervision of investment activities of the entire society. For industries with high energy consumption and high pollution, new energy expansion projects will be strictly restricted and supervision and inspection of projects under construction will be strengthened. The most affected will undoubtedly be SMEs in the industry. The implementation of tight monetary policy may lead to the breakage of the capital chain of SMEs. Enterprises will be more difficult to lend to banks, resulting in tight funding for SMEs. The direct consequence is that some SMEs will be forced to stop production, reduce production, and even be Large-scale mergers and acquisitions or directly eliminated.
Reporter: Under the "two defenses", where are the opportunities for the chemical industry?
Yu Changbin: With the implementation of the national "two defenses" policy and the implementation of the "tight fiscal policy," the chemical industry may encounter more challenges. However, it should also be noted that there are both favorable and unfavorable aspects in any one thing. The appreciation of the renminbi is not conducive to exports, but it is conducive to imports, is conducive to the acquisition of foreign companies; the price increase of agricultural products is unfavorable, but the increase in farmers' income is conducive to boost domestic demand; migrant workers return to the labor market is unfavorable, but the migrant workers The vacancies left are beneficial for the city to provide a large number of job opportunities; the recent snowstorms in southern China are unfavorable, but the challenges brought by the business opportunities brought about by the disasters, brought about by the cohesion, brought about by the pull of domestic demand is advantageous. Therefore, under the "two defenses" decision, the chemical industry is a challenge and an opportunity to coexist.
Stainless Steel Horse Riding Card
Stainless Steel Horse Riding Card,Universal Pipe Clamp With Riding Clamp,Seiko Stainless Steel Hoop Riding Card,Cycling Card Saddle Clamp Hose Fastener
Taizhou HuaChi Stainless Steel Products Co.,Ltd , https://www.tzhuachi.com