[Ferro-Alloys.com]On the Fourth Chinese ferrosilicon industry summit held by Ferro-alloys.com on Jan.9^th-10^th in Beijing, Dr. Zhang Liqun of the State Council Development Research Center of Macroeconomic Research Department made the report on 2014 economy review and preview for 2015.

Dr. Zhang expected that in 2014, the GDP of China would drop to 7.4% from 7.7% of 2013, and in 2015 the GDP might continue to decline to 7%. He discoursed the economy situation of 2015 in three parts, like demand, export and the investment.

Dr. Zhang said, according to the statistics in recent years, the consumption growth rate largely kept the stable trend. In 2013, the grow rate was about 11.2-11.7% while in 2014 it was 10.5-10.9%.

In view of the export, it mainly presented the downturn trend from 2010 to 2014. However, it was acknowledged that the recover sign of exports was seen in half 2 of 2014, and the main reason was the major export market, like America turned stable gradually. Even though both the World Bank and IMF lowered the growth rate of China, the economic rebound of America was considered to be a highlight. In addition, European economy would keep the rising trend despite of numerous difficulties. What’s more, emerging economies would improve steadily along with the structural adjustment. On the whole, the global economic environment was still in recovering trend.

Compared with the manufacturing and infrastructure, the decreasing rate of the real estate investment showed most obvious drop in 2014. In the first 11months of 2014, investment rate of real estate declined to 15.08% from 20.27% of 2013. The economic trend in 2015 largely depends on whether the real estate industry would successfully transfer. Dr. Zhang said, the hard condition in real estate industry stated easing since quarter 4 of 2014, and the optimistic was predicted to last.

In 2015, the economy growth would further decline while it might stabilize at 7%. On this environmental condition, the enterprises need adjust the change and pay attention to the innovation.

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• [Editor:Juan]