《大行》花旗料中央將出臺更多反內卷政策 降鋼鐵行業偏好
花旗發表研究報告指,近日召開的中央財經委員會會議上,當局重申不支持無序競爭,並鼓勵加快淘汰低效產能,與此同時官媒發文評述如何在打破內卷式競爭後推動高質量發展,提到內卷式競爭會削弱整體競爭力,破壞行業生態,打破內卷式競爭將是目前的首要任務,又指觀察到水泥、光月及風電等行業的協會已主動與政府及企業溝通,呼籲政府出臺更多政策應對。花旗相信,今年下半年當局將出臺更多具體措施應對。
花旗指,考慮到鋼鐵行業現時面對供應過剩及低利潤的情況,產品供給側改革2.0在時間表、執行力度等方面均遜於預期,因此已下調對鋼鐵行業的偏好。不過據報唐山鋼廠已被要求在本月暫停部分產能,花旗憧憬政府將推出更多進一步具體產量管控政策。
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