BEIJING, March 9 (Xinhua) -- China on Friday joined global condemnation of the U.S. decision to impose heavy tariffs on steel and aluminum.
China will defend its rights and interests after assessing any damage caused by the tariffs, Wang Hejun, a Ministry of Commerce official, said on the ministry website.
China Iron and Steel Association called on the government to take firm counter-measures on imports from the United States, including stainless steel, galvanized sheets, seamless tube, coal, farm produce and consumer electronics.
China Nonferrous Metals Industry Association also issued similar comments, urging the government to take counter-measures on imports of U.S. products ranging from aluminum scrap, coal, farm produce to high-end consumer goods.
The broad impact of the tariffs on the Chinese economy will be limited because steel and aluminum account for a small proportion of exports to the United States, and exports have become a less important driver of growth in recent years, with the contribution of net exports to growth falling to 9.1 percent in 2017.
According to Ding Shuang, an economist at Standard Chartered Bank, China's steel and aluminum exports to the United States accounted for less than 0.2 percent of its total exports in 2017 and the impact of the tariffs would be insignificant.
The U.S. administration has made trade deficit reduction a priority, but its protectionist measures have drawn widespread opposition from both U.S. business groups and trade partners.
Ding Shuang projected that "a grand bargain" will be reached between China and the United States with limited damage to bilateral trade.
I think the slowdown of steel manufacturing is just temporary due to the pollution concern during winter, but it totally depends how CN central gov would control it....Risk: production restriction continues for blue skies to come out.
that why i still dont average down my price frist...if tomorrow DJ red...sure break below 0.40....then is a good time to join and average down the price...
ratman...believe me...all stock behind got a operator...not just only player... save your bullet...aim zhun zhun....one time buy in average the price..and wait chance ~ if not will be trap at here minimun 3 month - 6 month ( for whose buy in 0.58 above )
The majority of the buy and sell queu belong to same group of opperatirs, and they are here in the blog.. if we buy it from them, they will have to increas their lost..
Opperator make it look like panic selling so everybody queu to sell low.. they sacrify a few lots to be able to collect more at low,, this collection have one simple reason, is to move the price up once they get their target, this could be today onward, we dont know when, but it will happen.. either you qeue at low with the opperator and collect, or you buy at high to support tge price, eitherway, you hold is the best option.
ratman...operator no worry about this case...cause they buy in price is very low...they buy and sell...even is loss aslo little bit...but they can earn if the DJ green...all scare throw to them...they eat till fat fat
just to share... u can check with ur remisiers who is the buying broker or selling broker when ur transaction is executed. u can then narrow down ur speculations in regards to the operator/s
As i say it will be rocky trend to climb back to above 45-48 cent.This is the 2 nd day of 10 market trading day.Before that i say before 10 market days for huaan to climb back to that 45-48 cent level late last week.Trump like to scare people not to buy shares.
In share market where got everytime is Sunday that u always win moneys lol... Most of d times we need to defence b4 we attacks back so HUAAN supporters always confidence n invest wisely don't sell u HUAAN shares cheap cheap ma.....
I'm go through 3 times 60sen drop back to 40sen level. I'm still hold it until 80sen. : ) as long nothing change to company earning.. I'm think is ok to hold ba.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Betta68
2,300 posts
Posted by Betta68 > 2018-03-14 14:19 | Report Abuse
BEIJING, March 9 (Xinhua) -- China on Friday joined global condemnation of the U.S. decision to impose heavy tariffs on steel and aluminum.
China will defend its rights and interests after assessing any damage caused by the tariffs, Wang Hejun, a Ministry of Commerce official, said on the ministry website.
China Iron and Steel Association called on the government to take firm counter-measures on imports from the United States, including stainless steel, galvanized sheets, seamless tube, coal, farm produce and consumer electronics.
China Nonferrous Metals Industry Association also issued similar comments, urging the government to take counter-measures on imports of U.S. products ranging from aluminum scrap, coal, farm produce to high-end consumer goods.
The broad impact of the tariffs on the Chinese economy will be limited because steel and aluminum account for a small proportion of exports to the United States, and exports have become a less important driver of growth in recent years, with the contribution of net exports to growth falling to 9.1 percent in 2017.
According to Ding Shuang, an economist at Standard Chartered Bank, China's steel and aluminum exports to the United States accounted for less than 0.2 percent of its total exports in 2017 and the impact of the tariffs would be insignificant.
The U.S. administration has made trade deficit reduction a priority, but its protectionist measures have drawn widespread opposition from both U.S. business groups and trade partners.
Ding Shuang projected that "a grand bargain" will be reached between China and the United States with limited damage to bilateral trade.