The external demand situation is grim, requiring decision-making departments to stimulate domestic d

First of all, it is reflected in the adjustment of the macro judgment. That is to say, the economic structure has changed steadily and the downward pressure on the economy has increased. Recently, the Central Political Bureau meeting made a judgment on the economic situation in which the external environment has undergone "deep changes" and "the downward pressure on the economy has increased."
Secondly, it is reflected in the major measures to promote economic growth. Mainly to stimulate domestic demand with greater intensity, such as biased monetary policy, will continue to lower the RRR in the new year; more active fiscal policy, it is expected to further reduce taxes, the fiscal deficit may exceed 3% in the future; improve the operating environment of private enterprises ; Expand infrastructure investment. Recently, the National Development and Reform Commission intensively approved investment projects, of which only 1.4 trillion yuan was approved for the high-speed rail project. Not only that, in order to cope with the emergence of the worst situation, the relevant departments have also entered a number of policy reserves, and so on. All of these are to hedge the downward pressure on the economy caused by the Sino-US trade war, thus laying a solid foundation for the steady growth of domestic steel demand in the new year. It should be said that the greater the external pressure in the future, the stronger the strength in this regard. According to preliminary estimates, the apparent consumption of crude steel in the country will exceed 900 million tons in 2019, an increase of about 4% over the previous year.

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