Asia credit system must be a model of credit system. In the aspect of risk assessment, through local Asian credit rating agencies, enhance the independence of the Asia; In "double rating" new ideas,DIN1629 SCH80 Seamless Steel Pipe fully considering the specific situation of the local environment as well as the global standard; In addition, in terms of credibility to improve, reduce the risk of conflict of interest, make credit rating once again return to the center of the credit system.
On July 1, dagong global credit rating co., LTD. (hereinafter referred to as "dagong") issued respectively in venezuela's sovereign credit rating,ASME B16.9 BW CS equal/reducing tee will venezuela and foreign currency sovereign credit rating to BB - from BB + and outlook to "negative". The same day, grand duke said in a report, maintain Qatar, Nigeria, Ecuador's sovereignty. At this point, archduke issued by national sovereign credit rating report has amounted to 105.
Since the 2008 financial crisis, moody's, s&p and fitch, the impartiality of the three big credit-rating agencies by global challenge,HG20593-97 PN1.0MPa Raised Face Plate Flange Specifications the eu and China are said to build their own credit rating system, to break the American monopoly rating. Held recently in Beijing diaoyutai "Asia credit system construction peak BBS" on, the guests said that will work to build a principle, the monopoly, and speak fair Asian credit system, through the establishment of "double rating" system for credit to promote the healthy development of the Asian economy.
2014年7月28日星期一
2014年7月1日星期二
Exchange rate is too high interest rate stability this year
Yesterday, Australia the fed (hereinafter referred to as the "macau fed") announced the latest monetary policy meeting minutes, according to the current exchange rate is still too high, a recent rally against economic growth. In close to the end of the discussion about financial markets, the committee suggested that the Australian interest rate for the rest of this year or remain the same.
After April 1,class 150 lb forging slip on flange nominal pipe size Australia the fed's monetary policy meeting, the meeting decided to keep interest rates at 2.5%, it was the seventh straight keep interest rates at historically low levels.
"Given the current economic outlook, to keep interest rates unchanged over a period of time is still cautious stance. Even if the trend began, the cash rate at current levels is still cautious." Australia said the fed members analysis.
Meeting minutes thinks,material astm a106 round steel pipe although further commodities over the past month, but the Australian dollar exchange rate begins to rise. Although the Australian already from their highs in the past 1 years, helped the balanced economic development, but the Australian dollar exchange rate trend over the past few months the Australia the fed did not meet the expectations.
, JPMorgan chase (JPMorgan) Australia chief economist Stephen walters (StephenWalters), according to the analysis, in fact, Australia the fed meeting minutes did not disclose a lot of new information, the response of stock market and bond market is relatively flat. Even in the currency market as well. Australia mentioned that the Australian dollar is still too high, commodity prices are still falling,carbon steel threaded connections tee and they also just before a continuation of the speech.
Waters, however, pointed out that the fed in Australia to the Australian strong condemn not, there are two ways to explain this phenomenon. 1. Macao fed officials may still comfortable above aud/usd is 0.94, but from its last December on the Australian dollar "high anxious" this description, this odd; 2. The second kind of view may be more persuasive. Australia the fed officials believe the effect of the verbal intervention is very short, even under the current conditions may not be used. Australia the fed might want to fundamentals can give direction to Australian dollar, or is waiting for a better time for verbal intervention.
After April 1,class 150 lb forging slip on flange nominal pipe size Australia the fed's monetary policy meeting, the meeting decided to keep interest rates at 2.5%, it was the seventh straight keep interest rates at historically low levels.
"Given the current economic outlook, to keep interest rates unchanged over a period of time is still cautious stance. Even if the trend began, the cash rate at current levels is still cautious." Australia said the fed members analysis.
Meeting minutes thinks,material astm a106 round steel pipe although further commodities over the past month, but the Australian dollar exchange rate begins to rise. Although the Australian already from their highs in the past 1 years, helped the balanced economic development, but the Australian dollar exchange rate trend over the past few months the Australia the fed did not meet the expectations.
, JPMorgan chase (JPMorgan) Australia chief economist Stephen walters (StephenWalters), according to the analysis, in fact, Australia the fed meeting minutes did not disclose a lot of new information, the response of stock market and bond market is relatively flat. Even in the currency market as well. Australia mentioned that the Australian dollar is still too high, commodity prices are still falling,carbon steel threaded connections tee and they also just before a continuation of the speech.
Waters, however, pointed out that the fed in Australia to the Australian strong condemn not, there are two ways to explain this phenomenon. 1. Macao fed officials may still comfortable above aud/usd is 0.94, but from its last December on the Australian dollar "high anxious" this description, this odd; 2. The second kind of view may be more persuasive. Australia the fed officials believe the effect of the verbal intervention is very short, even under the current conditions may not be used. Australia the fed might want to fundamentals can give direction to Australian dollar, or is waiting for a better time for verbal intervention.
2014年3月20日星期四
Private steel mills of the transformation in 2014
Metallurgical chamber of commerce ACTS as a private steel companies upgrade "lead", the first gripper is technology upgrading.On Feb. 27, Chinese society for metals, metallurgical chamber of commerce jointly issued "about to promote private steel enterprises plan (draft)" the progress of science and technology activities, coordinating group decided to set up to promote technological innovation,h.s. code 7304 carbon seamless steel pipe set up private steel enterprise organization system, the progress of science and technology activity was set up by the enterprise in charge of technical work or chief engineer of the leadership of the association, focus on key generic technology, the key technologies of organization learning, to carry out the operation skill training, special technology research and promotion, organization experts on-site service work and so on, and plans to focus on promotion in 2014 before 9 iron, 2 ironmaking technology, 6 steelmaking technology, four, four comprehensive utilization technology of steel rolling technology.
Some enterprises under the organization of local government, has already started to restructuring, such as shandong, linyi,gi tee reducer pipe fitting weifang private steel enterprises restructuring news has been confirmed.
In the face of severe challenges, metallurgy chamber of commerce for the working train of thought of the proposed 2014 "transfer mode, adjust structure, grasp the standard, steady benefit", calls on enterprises work together to solve excess capacity, ensure the environmental protection standard, practical and compliance management, authors fluctuation kongfu in the system.At the same time, improve information management,sch 160 carbon steel seamless pipe and innovative business model, and studies how the combination of production and capital operation.In addition, the use of modern information tools hedge products and raw material price volatility risk, actively explore the development of electronic commerce.To strengthen the system cost management, comprehensive, system to reduce the cost.Innovation management mode, strengthen risk control, development of steel industry."Private enterprise must realize the transformation and upgrading.Zhao Xizi concluded.
Some enterprises under the organization of local government, has already started to restructuring, such as shandong, linyi,gi tee reducer pipe fitting weifang private steel enterprises restructuring news has been confirmed.
In the face of severe challenges, metallurgy chamber of commerce for the working train of thought of the proposed 2014 "transfer mode, adjust structure, grasp the standard, steady benefit", calls on enterprises work together to solve excess capacity, ensure the environmental protection standard, practical and compliance management, authors fluctuation kongfu in the system.At the same time, improve information management,sch 160 carbon steel seamless pipe and innovative business model, and studies how the combination of production and capital operation.In addition, the use of modern information tools hedge products and raw material price volatility risk, actively explore the development of electronic commerce.To strengthen the system cost management, comprehensive, system to reduce the cost.Innovation management mode, strengthen risk control, development of steel industry."Private enterprise must realize the transformation and upgrading.Zhao Xizi concluded.
2014年2月18日星期二
Economic data in trouble
Late last month, the sell-off in emerging market currencies continued, but the fed is still not stop his exit.On January 29th, the federal reserve announced monthly purchases continue to cut $10 billion,JIS stpg410 seamless tube from $75 billion in monthly purchases fell to $65 billion.
Subsequently, the United States, Britain, and China's economic data released less than expected, particularly in the United States announced in January manufacturing purchasing managers' index was only 51.3, far less than 56.5 in December last year, 56 also far lower than economists had expected.As a result, global equities in the collective.On February 3,seamless elbow 90 for welding 3d the dow Jones industrial average fell 2.1%, its biggest one-day fall since June 2013, the s&p 500 index also to closed down 2.3% on the day.On February 4, Japan's stock market fell more than 4%, China's Hong Kong's hang seng index fell 2.89% on the day.
On February 5, while the ISM non-manufacturing index is better than expected, but Wall Street still continue to fall,ansi class 150 flange the nasdaq down 1.6% intraday, year low, the international gold above $1270 an ounce for a time.Some Wall Street analysts believe that weaker than expected economic data should only be catalyst, emerging market panic in January and the federal reserve decided to cut purchases have sell-off is prepared for the market.Blackrock group analyst pointed out that if you want to continue to rise, the stock market to rely more on fundamentals.
Subsequently, the United States, Britain, and China's economic data released less than expected, particularly in the United States announced in January manufacturing purchasing managers' index was only 51.3, far less than 56.5 in December last year, 56 also far lower than economists had expected.As a result, global equities in the collective.On February 3,seamless elbow 90 for welding 3d the dow Jones industrial average fell 2.1%, its biggest one-day fall since June 2013, the s&p 500 index also to closed down 2.3% on the day.On February 4, Japan's stock market fell more than 4%, China's Hong Kong's hang seng index fell 2.89% on the day.
On February 5, while the ISM non-manufacturing index is better than expected, but Wall Street still continue to fall,ansi class 150 flange the nasdaq down 1.6% intraday, year low, the international gold above $1270 an ounce for a time.Some Wall Street analysts believe that weaker than expected economic data should only be catalyst, emerging market panic in January and the federal reserve decided to cut purchases have sell-off is prepared for the market.Blackrock group analyst pointed out that if you want to continue to rise, the stock market to rely more on fundamentals.
2014年1月19日星期日
Thailand on the anti-dumping final high carbon wire rod in China held a public hearing
Recently, the ministry of commerce decided to Thailand, will be on January 13, 2014 in Bangkok on imports from China of high carbon wire rod anti-dumping final held a public hearing.Established as a result,ASME B16.9 45 Deg Long Radius butt weld Elbow jiangsu shagang international trade company anti-dumping tax rate of 11.52%, the anti-dumping tax rate of 17.04% of the Qingdao iron and steel company, this 12.17%,ASME B16.9M galvanized steel water pipe thin wall tube other Chinese companies is 33.98%, the Thai ministry of commerce required stakeholders should be put forward written opinions before October 1 month.After the end of March 28, investigation is expected to decide the final anti-dumping tariffs.
In November 2012, Thailand on initiated an anti-dumping investigation against China's high carbon wire rod.On August 9, 2013,1 1/4 Seamless Steel Pipe XXS Thick Wall Pipe the Thai ministry of commerce to make a preliminary anti-dumping: jiangsu shagang international trade company of the provisional anti-dumping tax rate of 16.14%, Qingdao iron and steel company provisional anti-dumping tax rate of 26.96%, other 33.98% of Chinese enterprises.Provisional anti-dumping duty measures applicable period for 4 months, or as of December 8.
In November 2012, Thailand on initiated an anti-dumping investigation against China's high carbon wire rod.On August 9, 2013,1 1/4 Seamless Steel Pipe XXS Thick Wall Pipe the Thai ministry of commerce to make a preliminary anti-dumping: jiangsu shagang international trade company of the provisional anti-dumping tax rate of 16.14%, Qingdao iron and steel company provisional anti-dumping tax rate of 26.96%, other 33.98% of Chinese enterprises.Provisional anti-dumping duty measures applicable period for 4 months, or as of December 8.
2014年1月13日星期一
Of the shadow banking supervision will be strengthened
"The regulation is country administrative measures for the industry standardization and normalization. Without supervision at present, the industry is the industry and good companies and bad companies, large and small companies together,ASME Spiral Submerged Arc Welding pipe there will be the company to compliance and even violate moral thing, it will make the industry more chaos."
According to media reports, the shadow banking regulation would strengthen, to effectively prevent the shadow banking risks.But the risk,The author thinks that can be from two aspects of theory and practice to understand.
In theory, from the international perspective, the global financial crisis in 2008 brought the economy theory and the thought of revolution, its push macroprudential management thought has had a huge impact.Macro-prudential management is corresponding to the concept of micro prudential regulation, micro prudent supervision pay more attention to the safety and stability of individual financial institutions,1 1/4 Seamless Steel Pipe XXS Thick Wall Pipe macro-prudential management is more concerned with the stability of the financial system.The core of prudent macro management, from the perspective of macro, counter-cyclical measures, the financial system to prevent pro-cyclical fluctuations and inter-departmental infection caused by systemic risk, maintain the stability of the monetary and financial system.
From the domestic perspective, policy makers think shadow Banks higher leverage and asset prices in China, the increase the risk of the outbreak of the financial risk, need governance through macro-prudential regulation.In practice, there are two facts may be bigger to policy makers touches.One is the marketization of interest rate since late June yi on the hard facts, this shows that continue to maintain high lever to drive economic growth, stable asset prices are unsustainable.The second is debt,Schedule 120 carbon steel seamless pipe Q235 steel tube according to the audit of local government debt has passed the shadow Banks from table to table.According to the result of this debt audit, by the mid - 2013, bank loans for debt financing source which is about 56.56%, the proportion of a fall of 23% at the end of 2010, and the proportion of debt financing from 7.06% to 10.32%, seems to be the banking system and government debt correlation from 2010 fell.Trust financing accounted for the proportion of debt financing source, however, has reached to 8%, this shows that part of the debt that should be in bank lending in the table, has passed the non-standard and interbank forms to off-balance-sheet business.
According to media reports, the shadow banking regulation would strengthen, to effectively prevent the shadow banking risks.But the risk,The author thinks that can be from two aspects of theory and practice to understand.
In theory, from the international perspective, the global financial crisis in 2008 brought the economy theory and the thought of revolution, its push macroprudential management thought has had a huge impact.Macro-prudential management is corresponding to the concept of micro prudential regulation, micro prudent supervision pay more attention to the safety and stability of individual financial institutions,1 1/4 Seamless Steel Pipe XXS Thick Wall Pipe macro-prudential management is more concerned with the stability of the financial system.The core of prudent macro management, from the perspective of macro, counter-cyclical measures, the financial system to prevent pro-cyclical fluctuations and inter-departmental infection caused by systemic risk, maintain the stability of the monetary and financial system.
From the domestic perspective, policy makers think shadow Banks higher leverage and asset prices in China, the increase the risk of the outbreak of the financial risk, need governance through macro-prudential regulation.In practice, there are two facts may be bigger to policy makers touches.One is the marketization of interest rate since late June yi on the hard facts, this shows that continue to maintain high lever to drive economic growth, stable asset prices are unsustainable.The second is debt,Schedule 120 carbon steel seamless pipe Q235 steel tube according to the audit of local government debt has passed the shadow Banks from table to table.According to the result of this debt audit, by the mid - 2013, bank loans for debt financing source which is about 56.56%, the proportion of a fall of 23% at the end of 2010, and the proportion of debt financing from 7.06% to 10.32%, seems to be the banking system and government debt correlation from 2010 fell.Trust financing accounted for the proportion of debt financing source, however, has reached to 8%, this shows that part of the debt that should be in bank lending in the table, has passed the non-standard and interbank forms to off-balance-sheet business.
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