The "11" holiday has come to an end, and the release of key macroeconomic data for the third quarter is now on the horizon. With the second-quarter GDP growth rate falling to 7.5% year-on-year, market sentiment is closely watching how the economy will perform in the coming months. Many institutions are forecasting that the third-quarter economic growth is likely to be stable, with some even suggesting it could rise slightly to around 7.7% due to continued government support.
According to a recent report from Zhu Jianfang’s macroeconomic research team, the steady growth policy has already begun to take effect, leading to a rebound in demand and industrial activity, especially in the secondary sector. The real estate market remains relatively stable, while the tertiary industry continues to grow at a moderate pace, largely due to ongoing controls on “three public†consumption. As a result, the third-quarter GDP growth is expected to reach 7.7%.
The National Information Center's macroeconomic research group also released a similar outlook, stating that since July, the domestic economy has shown signs of stabilization. They expect the third-quarter growth to rebound to around 7.8%. This optimism stems from several factors: clear central government targets that have boosted market confidence, reforms aimed at stimulating business activity, and an acceleration in corporate inventory rebuilding.
Wang Tao, UBS Securities’ chief economist for China, believes that September data will reflect strong real economic activity, though the growth momentum may slightly weaken. He expects stable import and export growth, continued moderate real estate development, and a 10% year-on-year increase in industrial output. Overall, he also forecasts a 7.7% GDP growth for the third quarter. Other institutions, including AVIC Securities and Bank of Communications, share this view.
During the "11" holiday period, the National Bureau of Statistics Service Industry Research Center and the China Federation of Logistics and Purchasing released the September Manufacturing PMI, which stood at 51.1%, up 0.1 percentage points from the previous month. This marks a three-month recovery, and many analysts believe the sustained improvement in PMI bodes well for GDP growth in the third quarter.
While the overall economic recovery seems inevitable, structural imbalances remain a concern. Zhao Qinghe, a senior statistician at the National Bureau of Statistics' Service Industry Research Center, noted that the rising PMI indicates a steady recovery in the manufacturing sector. However, the development remains uneven, with large and medium-sized enterprises showing stability, while small and micro businesses still face operational challenges. Continued support in terms of financing and cost reduction is essential to help these smaller entities thrive.
Auxiliary Agent For Concrete Retarder
Classification by structure:
(1) Sugar: sugar calcium, gluconate, etc
(2) Citric acid, tartaric acid and their salts
(3) Zinc salt and phosphate
(4) lignosulfonate
Hardening effect
(1) Influence on strength, excessive incorporation will cause the concrete to remain unsolidified for 24 hours or even 72 hours, thus affecting the need for early strength of concrete and delaying the construction progress. No obvious effect was found on the concrete of suitable age.
(2) The effect on contraction, the appropriate use of the contraction has no significant effect. Excessive use will cause the top concrete to dry and shrink due to excessive water evaporation and shrinkage cracks.
(3) The effect on frost resistance durability is similar to that of concrete without adding retarder. [1]
Detection index
Increased turnover: 8
Initial setting time difference: +60~+120
Compressive strength ratio 7 days: 120
Compressive strength ratio 28 days: 120
Softening coefficient: 0.55
Auxiliary Agent For Concrete Retarder,retarding agent,set Retarder
Shanghai Hongyun New Construction Materials Co., Ltd , https://www.hongyunpce.com