The "Heavy Concerns" of Stable Growth of Chinese Fastener Enterprises

Blow the horn of "stable growth"

According to economic indicators such as GDP, PPI, and PMI, the domestic economic growth rate slowed down and there was significant downward pressure in the first half of 2012.  In fact, as early as the end of last year, the Central Economic Work Conference set the tone of "stabilizing growth";  From April to August 2012, the central government repeatedly emphasized placing "stable growth" in a more important position.

Under the central government's slogan of "stabilizing growth", when faced with economic downturn, the first thing that comes to mind in various regions is the old magic weapon - investment.  Guangzhou, Ningbo, Nanjing, Changsha and other cities have successively launched a series of major investment projects and economic stimulus policies to stabilize growth.  This has led to the emergence of Wang Zhongbing, the mayor of Zhanjiang, Guangdong, who became a focal point on the internet by kissing the approval documents of the National Development and Reform Commission.  Indeed, this incident also reflects from a certain perspective that a new round of local investment fever in China has emerged.

So there must be a question that has become the focus of attention from all sectors, that is, whether the frequent stable growth policies in various regions can drive stable economic growth?  Economist Yi Xianrong proposed that "stable growth" cannot follow the old path of 2008.  He stated that in the absence of fundamental changes in the domestic economy, the focus of the new round of economic stimulus policies is more on the sustained stability of long-term economic growth, rather than returning to double-digit growth levels in the short term.  Scholars have also loudly proposed: Should the Chinese economy maintain its "8" or its survival?

In the "three carriages" driving the economy, both exports and domestic demand are sluggish.  In 2012, the country faced many pressures to maintain stable growth, and achieving the annual GDP target of 7.5% was not an easy task.

When it comes to the fastener industry, it is not an exaggeration to describe the current industry situation as "shrouded in haze".  "Stable growth" is not easy to talk about.