Personally, I think China's economy is bound to appear about 3 ~ 4 years of adjustment, namely from 2013 to 2013, China will inevitably go through a process, this process is the adjustment. We have to face the reality, facing the three or four years, really carry on the reform, and then form a new mode of economic growth, the process to moderate economic growth to slow down.
The china-us strategic and economic dialogue in Washington, government officials have talked about can bear 6.5% growth of the bottom line, I think this is not talk. Some argue that China's economic growth is the bottom line is 7%, if less than 7%, financial, employment and social. Now 6.5%, may be calculated. The xinhua news agency has a commentary said China's economic growth cannot be lower than 7%, that is from the medium to long term, the eighteenth big GDP and per capita income will double in 2020 than in 2010. I suggest that the future economic growth should be adjusted down, cannot be in 7.5%, and future goals can't set in a single value, should be an interval, such as the goal of next year or even in the next three years in 6.5% ~ 7.5%, so the market can change the expected, the government also won't appear large pressure.
The past week, the domestic comprehensive steel prices fell again, weekly decline about 0.26%. In early of the month, a tighter financing area rebar futures weaker shocks, raw material prices and a narrow fluctuations, the domestic spot hong kong-listed clinch a deal the shrinking, market confidence to waver, spot steel prices shock downward, and some varieties of drop in.