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Promising prospects among steel & iron market in China-- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
3/12/2019 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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It was reported that Chinese steel market was expected to have a promising prospects in the near future due to tax deduction and demand increasing.
Chinese government planned to deduct its value-added tax (VAT) rates from 16% to 13% among manufacturing and other industries. It would support industries such as steel and iron, transportation and construction to lower their cost.
Furthermore, VAT reducing would also benefit and bring more competitiveness to Chinese steel exports. China would simultaneously increase investments on its infrastructure construction for urbanization and shanty town renovation in 2019.
The investment growth rate was predicted to reach about 10%, and steel demand would be added about 1% to 2% in 2019.
金屬板材展-線材展-金屬加工展-2019第二十屆廣州國際金屬板材、棒材、線材及金屬加工設備展—全球三大金屬展之一巨浪展覽
-- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
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