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• Hose end adapters – hose to port, hose to hose, etc
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Of course, there are also many difficulties in the future. Insufficient exports have led to weak industrial production, real estate has not recovered, and local government spending has grown slowly. Investment in infrastructure construction remains the most important pillar of economic growth. In the future, the financial services industry will play a greater role, and its current share of GDP has increased from 0.7% last year to 1.3% this year.
Christina Otto, manager of the Asia-Pacific Department of the German Federal Foreign Trade and Investment Agency: The “new normal†of the Chinese economy means a slowdown in economic growth. In the first half of this year, China’s GDP grew by 7%. This data was mainly achieved by the rapid growth of the tertiary industry and the strong reform measures of the Chinese government. From the economic data of the first half of the year, the Chinese government's annual growth target of 7% this year is expected to be achieved. The effects of a series of economic reform measures announced by the government since May will be concentrated in the third quarter of this year. The Chinese government's measures to promote domestic demand and vigorously develop the service industry have achieved results. In the first half of the year, the added value of the tertiary industry accounted for 49.5% of GDP, which was 5.8 percentage points higher than that of the secondary industry. At the same time, consumption has become the main driver of economic growth, although its potential remains to be further explored. In the first half of the year, the total retail sales of consumer goods in China increased by 10.4% year-on-year, which was significantly higher than the overall economic growth rate. In particular, online retail sales increased by 39.1% year-on-year. However, the sharp increase in the scale of China's credit and the weak internal market have caused problems such as a sharp drop in imports.
BNP Paribas analyst Pascal: China's economy performed better in the second quarter, which is basically consistent with market expectations. Appreciate the series of macroeconomic adjustments and stimulus measures adopted by the Chinese government this year, and expect the Chinese government to continue to adopt a loose economic policy, which is characterized by stimulating domestic demand and trade growth. Although the Chinese stock market has experienced significant volatility recently, the government’s timely and active maintenance of the market order has stabilized investor confidence. As the Greek debt dispute settlement and the Iranian nuclear talks have made breakthroughs in recent days, the international financial market is short-term optimistic, which will help China increase its export in the second half of the year.
Chen Gang, a researcher at the East Asian Institute of the National University of Singapore: In general, China's macro economy is relatively stable and basically fulfills government expectations. It can also be seen that the transformation of China's economy is still quite obvious. The growth of the tertiary industry, the service industry, is still higher than the growth rate of the average gross domestic product (GDP). The growth rate of the service industry is relatively fast, indicating that the transformation has achieved initial results. In addition, the international competitiveness of Chinese industries is still relatively strong.
Kamal Melah, a professor at Warwick Business School in the UK: In China, economic indicators point to a slow but steady and more sustainable growth that will continue for several years. The Chinese economy is resilient enough to withstand the economic fluctuations caused by the rebalancing of the economic structure, but it also depends on the government's ability to promote some far-reaching reforms to power future economic growth.
functions:
• Thread size adaptors – to reduce or expand the existing thread
• Thread conversion adaptors – to change from one port thread to another to allow tube fitting or hose connections to be made
Abstract Julian, an economist at Australia's Kay International Consulting, Inc.: The 7% growth figure is unexpected, exceeding most organizations' forecasts. From the statistics, we can see many positive signs. There is still a general growth momentum in all areas of the Chinese economy. It should be considered that China...
Julian, an economist at Australia's Kaitou International Consulting Co., Ltd.: The 7% growth figure is unexpected, exceeding the forecasts of most organizations. From the statistics, we can see many positive signs. There is still a general growth momentum in all areas of the Chinese economy. It should be considered that the Chinese economy has achieved a soft landing. The lower growth rate is a new normal and the result of the Chinese government's active regulation. The economic growth in the second quarter was better than expected and may be related to the various macroeconomic controls introduced by the Chinese government to improve financing conditions. This optimistic data is too important. It can be said that it is a strong guarantee for a series of economic adjustment and transformation that China is carrying out. China seeks to raise the level of consumption under the new normal of lower economic growth rate, and ensure stable economic growth through measures such as tax cuts and interest rate cuts.