The Chinese economy over the next two years is expected to enter a medium growth platform, medium growth substantially between per capita GDP of $eight thousand to $450 thousand. How to seek new growth dynamic change? Shinestar of iron and steel research institute that will be the old economy and new system, new mechanism and new business models.
Specifically includes five areas, first, the elements of market distortion causes low efficiency in the field of open competition. Second, the rural collective land system reform. Third, the transformation of enterprise differentiation is very serious now, differentiation is actually a sign of enterprise transformation and upgrading. Fourth, Internet + the real economy, the old economy with the Internet this way, raise the level of the allocation of resources, reduce the cost to improve the efficiency. Fourth, advanced the growth potential of innovation: new economy + new technology, the new mechanism.
These areas tend to overlap or merge each other, but most appear in the so-called "old economy" or traditional field. True by cutting-edge innovation brings the "new economy" share in the economy as a whole is fairly small, this and China is still in the phase of chase characteristics, but the quality has from the amount after to catch up.
Overall, the steel industry is very potential. China iron and steel stocks of per capita now only 6 tons, the average is 24.4 tons, Japan more than 40 tons per capita, if to reach the level of the United States, at least 21 billion tons of China's future growth potential. If in the future to capacity, such as an annual production capacity of seven hundred million tons, at least 30, 40 years will also be able to make, so after this round of iron and steel industry to capacity if success, although China's iron and steel production increase is not as high as in the past, but share among the whole national economy will be considerable. The iron and steel industry and a batch of is expected to become the future with long-term international competitiveness of enterprises. We will be very competitive in the future, although the number of the enterprise does not so much, the number of significant reduction, but can also be a considerable scale. Shinestar is one of the highly competitive steel mills, its production of the high frequency straight seam resistance welded pipe, straight seam submerged arc welding pipe, submerged arc weld spiral welded pipe, seamless steel pipe, stainless steel pipe and other products, widely recognized by the international market. The best equipment belong to the China iron and steel industry, and our management level and technical level is also fast. So the industry is of great potential.
From the perspective of the transformation of China's economy including the long-term development of the iron and steel industry, needs to have a correct orientation, optimistic but not blind, for yourself to do a good job. For Shinestar of iron and steel group, we will speed up the transformation and upgrading, constantly produce a better resistance high frequency straight seam welded pipe, straight seam submerged arc welding pipe, submerged arc weld spiral welded pipe, api 5l steel pipe, stainless steel pipe and other products, to create to become internationally competitive enterprises.
