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

Sound the Horn of "Stable Growth"



According to data from various 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 the importance of "stabilizing growth".



Under the slogan of "stable growth" from the central government, 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 stable growth major investment projects and economic stimulus policies. Among them emerged the "deeds" 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 already started.



So there must be a question that has become the focus of attention from all walks of life, which 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 or higher growth levels in the short term. Some scholars have loudly raised the question: Should China's 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 for stable growth, and achieving the target of 7.5% of GDP for the entire year was not an easy task.



When it comes to the fastener industry, it is not too much to describe the current industry situation with "dense haze". Stable growth is not easy to talk about.