Creation and establishment
Due to a series of factors such as the continuous expansion of the US trade deficit, the approaching midterm elections and Trump's record low support rate, and concerns about China's rise, the US has recently planned to impose large-scale tariffs on goods imported from China and restrict Chinese companies from investing and acquiring in the US, which has the potential to provoke a trade war. Chinese industries that may be affected by trade wars
According to the China Nonferrous Metals Industry Association, Economic Daily China Economic Trend Research Institute, and China Economic Prosperity Monitoring Center of the National Bureau of Statistics, in January, the China Economic and Trade Commission's non-ferrous metals industry prosperity index was 23.8, a decrease of 1.1 points from the previous month; The leading index of the China Economic and Trade Corporation's non-ferrous metal industry was 65.4, a decrease of 1 point compared to the previous month; The consensus index was 60.4, a decrease of 1.5 points from the previous month. Preliminary judgment shows that the industrial prosperity index continues to decline, but still operates within the "normal" range.
The 2018 Nonferrous Metal Market Report Conference organized by Beijing Antaike Information Co., Ltd. was held in Beijing. This meeting summarized the development of the non-ferrous metal industry in 2017, and relevant experts provided a detailed interpretation and analysis of the current and future situation of various non-ferrous metals. Chairman Gao Shunqing of Zhongse International Trade Co., Ltd. stated at the meeting that in the past 2017, the production of non-ferrous metals has remained stable, prices have stabilized and improved, corporate benefits have significantly improved, and import and export volume has steadily increased. However, the challenges that exist cannot be ignored. The overall slow transformation of new and old driving forces, low industry profit margins, and difficulties in financing are still prominent. Western countries such as the United States, out of their own interests, are facing increasingly fierce international trade frictions against China's non-ferrous metal products, and the export situation is facing significant challenges.