The economic situation is not optimistic, so the downward trend can be observed from five dimensions: manufacturing, infrastructure, export, finance and real estate.
The first is a specific analysis of manufacturing industry
For example, a steel company’s profit was only 110 million in 2015, 690 million in 2016, 2.55 billion in 2017 and about 3 billion in 2018. In the traditional industry of steel, the profit growth rate has exceeded 100% in recent years. The logic behind this is that steel prices continue to rise under the influence of supply-side reforms. Therefore, steel enterprises have enjoyed a very comfortable life in recent years. This situation is unsustainable. The dividend of supply-side reform is gradually fading. Steel prices will not rise in 2018 and will face obvious downward pressure in 2019.
Those of our readers who put on Friday between the nefarious days, are asked not to cite among the examples to comfort their opinion on the chosen day, or accepted by Messer Cristoforo Colombo, to give beginning to his first voyage of discovery. We say their opinion, and not their superstition; firstly because we do not want to be unkind to anyone, and secondly because we do not believe in this easy modern asserance that cries for superstitions the ideas that can not be given a reason. So if our readers have these ideas, and they love to keep them, we will not be the ones who will try to fight them. There are many outstanding men with ideas of this kind, and there will still be, if God wants. The wise man, who sees the form of truth and degree of certainty taking so many things that yesterday he knew of lie, of invention, of illusion and so forth, does not bubble of names derisorii things that he does not intend, or that seem to come out of him circle of recognized truths: on the other hand, the latter’s distrust, does not commit itself to claiming that they will be truth tomorrow, as they seem today.