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China nonferrous metals industry in 2003 and outlook for 2004

机译:2003年中国有色金属行业及2004年展望

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摘要

Despite negative factors such as US led Iraq war and SARS disease, global economy in general of 2003 is better than last year. Meanwhile, supported by strong demand and firm prices on domestic market, the operation of Chinese nonferrous industry improved continuously and better than anticipated economic results were gained. Since the beginning of H2 2003, the State implemented stricter monetary policy, which increased the difficulty of getting loans. worse, the rebate rates of exporting nonferrous metals were cut down by different percentages. As a result, the operation of Chinese nonferrous metals industry in 2004 will be affected by these factors. On the other hand, the prices of nonferrous metals have been pulled out from bottom and turned to the upward trend. It was expected to partly offset the loss caused by the change of export policy.
机译:尽管存在诸如美国领导的伊拉克战争和SARS疾病等不利因素,但2003年的全球经济总体仍比去年好。同时,在强劲的需求和国内市场坚挺的价格的支撑下,中国有色金属行业的经营持续改善,取得了优于预期的经济成果。自2003年下半年以来,国家实施了更严格的货币政策,这增加了获得贷款的难度。更糟糕的是,有色金属的出口退税率降低了不同的百分比。因此,2004年中国有色金属行业的经营将受到这些因素的影响。另一方面,有色金属价格已从谷底拉低,转向上涨趋势。预期将部分抵消因出口政策变更而造成的损失。

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