hxmining

New evidence that the Chinese economy has bottomed out and is now stabilizing is likely to be seen in a raft of data due out on Friday, with inflation falling and output strengthening, a Reuters survey showed.

Analysts polled by Reuters expect annual consumer price inflation to have moderated to 3.3 percent, from 3.6 percent in March, remaining well below the government's 4 percent target. Month-on-month, prices are expected to have dropped by 0.5 percent after March's 0.3 percent fall.

Rising inflation last year had prompted Chinese policymakers to sharply reduce credit supply, especially to private borrowers, throwing the real estate sector into disarray and cooling economic growth.

The government has eased economic policies since in a program of 'fine-tuning' which has seen it cut 100 basis points from the required reserve ratios of banks to support credit growth since autumn, while cutting business red tape and taxes.

'We think April data would show that economic activity is rebounding modestly, but may not be sufficient to clear all the doubts,' analysts at UBS said in a note to clients.Producer prices are likely to have fallen by 0.5 percent on year in April, the Reuters poll showed. That would be more than the 0.3 percent drop in producer prices for March, as a slow real estate sector reduced the demand for raw materials.

International crude oil prices sank in April compared with March this year, and April's prices were also lower than a year before.However, Chinese gasoline and diesel prices have been at historical highs since mid-March. Power prices are also at record highs as China raises state-set prices to gradually bring them in line with generation costs, although residential prices are adjusted slowly to minimize the impact on inflation. Sand maker:http://www.crusher-machine.com/18.html
raymond mill:http://www.hxjqchina.com/product-list_22.html
ore beneficiation:http://www.hxjq-crusher.com/63.html

An earlier purchasing managers survey indicated that input prices are rising, but increased buying by factories primarily reflects restocking, with domestic demand for mining machinery such as sand maker and raymond mill still tepid.

Overall, the PMI surveys also pointed to an uptick in the economy after a trough in the first quarter. But both the official PMI and an independent survey published by HSBC showed a continuing discrepancy between growth enjoyed by larger firms and the difficulties of smaller firms struggling to get credit.

Continued difficulty in getting loans may have contributed to a softening in fixed asset investment, which analysts expected to have slowed to 20.5 percent growth on year in April, down from 20.9 percent in March.

Fixed asset investment has underpinned the economy as export growth has wilted, though government action to crimp the speculative real estate bubble it has fuelled is beginning to bite.

Retail sales, also due on Friday, are expected to be steady year-on-year from March's 15.2 percent level. Economists point to urban and rural per capita incomes rising faster than GDP so far this year as offering key support to consumption growth as inflation eases.

As the professional manufacturer of complete sets of mining machinery, such as dryer machine,rotary kiln, Henan Hongxing is always doing the best in products and service.

China's big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital - and making gas the hottest prospect for energy investment in the world's top energy consumer.

The prospects for expansion and acquisitions also have China's natural gas distributors trading like growth stocks, instead of bog-standard utilities.

China is pushing energy price reforms and spending billions of dollars on gas imports and infrastructure to cut the use of coal, which supplies over 70 percent of its energy but has made it the world leader in mine accidents and greenhouse emissions, and among the worst in air pollution.

While nuclear power and renewables such as solar and wind are also benefiting from the shift, for now gas looks set to gain the most, since plentiful supplies and its use in industrial production and conventional thermal power plants mean it can be developed quickly and efficiently.

'Natural gas is clean energy that is enjoying a lot of state policy support,' said Liu Yang, chief investment officer of regional fund house Atlantis, which manages $4 billion (2 billion pounds) and holds shares of Hong Kong-listed Chinese city gas distributors.

'The city gas sector has been under-invested and is just about to take off,' she said.

Shares of Hong Kong-listed distributors, which include ENN, China Gas Holdings, China Resources Gas, Kunlun Energy and Beijing Enterprises, have risen as much as 37 percent over the past 12 months.

The sector, with a combined market value around $32 billion, boasts valuations of more than 20 times historical earnings, and investors and analysts remain upbeat about its prospects.

GROWTH STOCKS

China is moving to double the share of gas in its overall energy supply to more than 8 percent by 2015, when consumption should reach 260 billion cubic metres (bcm), while coal will be cut to just over 60 percent. By 2030, gas use will hit 500 bcm, about what the European Union consumes today, according to industry forecasts.

The lion's share of that additional supply will go to new gas-fired power plants.

China's installed gas-fired capacity will more than quadruple to 220 gigawatts by 2020 from 40 gigawatts last year, creating a gas power equipment market worth 26.5 billion yuan ($4.2 billion) a year for 2011-2020, nearly seven times the average size of the market in the prior five years, Barclays estimates. rotary kiln:http://www.hx-crushers.com/p66.html
ore beneficiation:http://www.hx-crushers.com/p58.html
ball mill:http://www.hxjqchina.com/product-list_34.html

That would benefit a host of domestic and foreign manufacturers, including General Electric, Siemens, Shanghai Electric, Dongfang Electric and Harbin Electric, it said.

China also has vast gas supplies to tap both at home, where coal bed methane and shale could boost its resources to among the world's largest, and abroad, where it has a pipeline to Turkmenistan and has been importing liquefied natural gas (LNG) from Australia, Indonesia, Malaysia and Qatar. Gas will also be flowing to China next year via a pipeline to a Myanmar field.

The gas sector was virtually non-existent in China until the late 1990s, and while billions of dollars have been poured into construction of pipelines and terminals over the past decade, more than two-thirds of China's 600-plus cities still have no access to gas supplies.

Driving the state firms' push into the gas distribution sector is a government decision to bite the bullet and start freeing up state-controlled domestic prices, to encourage gas importers and producers.

Gas prices are linked to crude oil in the Asia market but inside China have been strictly controlled - like electricity and petroleum product prices - since the authorities fear volatile energy costs could hinder industrial hammer crusher made by Hongxing Mining Machinery development and create hardships for households.

But rising crude oil prices have saddled state-run energy companies with losses on gas they buy abroad and supply into the domestic market, making them reluctant to expand their business.

PetroChina, which has been lobbying Beijing to reform the domestic gas pricing system, lost $3.4 billion in its gas importing business last year. In the first quarter of this year, the loss reached $1.62 billion.

As the professional manufacturer of complete sets of mining machinery, such as vibrating screen,impact crusher, Henan Hongxing is always doing the best in products and service.

Energy Mineral Resources

China's energy mineral resources are relatively abundant, but the structure of these types of resources is not ideal. The proportion of coal resources is relatively large while that of petroleum and natural gas resources is small in comparison.

Characteristics of Coal Resources

i) Huge in reserves;

ii) Complete in variety but of uneven grade with only small reserves of high quality coking coal and anthracite coal;

iii) Widely distributed with a great disparity in the abundance for different reserve locations, with the western and northern regions rich and eastern and southern regions poor in coal reserves;

iv) Resources are deep in the eastern region and shallow in the west (a small number of surface coalmines, most of which are lignite mines);

v) Many varieties of associated minerals existing in the coal seam.

Characteristics of Petroleum and Natural Gas Resources

i) Large oil reserves which makes China one of ten countries in the world with more than 15 billion tons of exploitable petroleum reserves;

ii) Low proven rate. Only 1/5 of the total onshore reserves are proven reserves, and the offshore rate is even lower;

iii) Distribution is concentrated, with 73% of the total petroleum resources in China distributed in 14 basins covering a total area of 100,000 square kilometers and more than 50% of the total natural gas resources in China distributed in the middle and western regions;

v) Deeply buried petroleum and natural gas resources and complex geological conditions. China also has a wealth of other energy mineral resources such as geothermal resources and oil shales.

Metallic Mineral Resources

China is among the countries that possess relatively rich metallic mineral hammer crusher resources. More or less all types of metallic mineral resources that have been discovered worldwide up until now have been proven to have certain reserves in China, of which the proven reserves of wolfram, tin, stibium, tombarthite, tantalum and titanium resources are the largest in the world; proven resources of vanadium, molybdenum, niobium, beryllium and lithium resources are the second largest in the world; zinc resources are the fourth largest in the world; and iron, lead, gold and silver resources are the fifth largest in the world.

Characteristics of Metallic Mineral Resources

i) Wide but relatively concentrated distribution. Iron deposits are found mainly in three geographical areas-Anshan-Benxi, North Hebei and Shanxi; bauxite resources are mainly distributed in areas such as Shanxi, Henan, Guizhou and Guangxi; wolfram deposits are mainly distributed in Jiangxi, Hunan and Guangdong; and tin deposits are mainly distributed in Yunnan, Guangxi, Guangdong and Hunan. rotary kiln:http://www.hx-china.com/19.html
Cone crusher:http://www.hx-china.com/5.html
Cone crusher:http://www.hxjqchina.com/product-list_19.html

ii) Some of China's metallic resources such as wolfram, tin, molybdenum, stibium and tombarthite have large reserves and are of high quality, and are competitive in world markets. However, many key metallic resources such as iron, molydenum, aluminum and copper are of poor quality and most of the iron, molybdenum, aluminum and copper ores are lean and therefore difficult to smelt.

iii) Most of the metallic mineral deposits in China are of small or medium size. Large and super-sized deposits are very few.

Non-Metallic Mineral Resources

China is one of the few countries in the world that has a relatively complete range of varieties of non-metallic mineral resources. Presently, there are more than 5,000 non-metallic mineral ore production bases with proven reserves in China. Most of the non-metallic mineral proven reserves in China are of a large scale, of which the proven reserves of magnesite, plumbago, fluorite, talc, asbestos, gypsum, barite, wollastonite, alunite, bentonite, halite etc. are among the largest in the world; while those of phosphorus, kaolin, pyrite, mirabilite, tripolite, zeolite, pearlite and cement limestone etc.are some of the most major in the world. China also has superior quality and high reserves of some natural stone materials such as marble and granite. On the other hand, reserves of sylvite and boron in China are rare.

Water and Gas Resources

Proven natural underground water resources in China account for 870 billion cubic metres per year, of which 290 billion cubic metres are exploitable. Underground salt water resources in China amount to 20 billion cubic metres per year. China's underground water resources are not evenly distributed, with southern regions rich, and northern and western regions poor. Underground water aquifer types differ according to geographical location. Northern regions have a wide distribution of underground water resources via holed aquifers while south-western regions are karst regions.

As the professional manufacturer of complete sets of mining machinery, such as Hammer crusher,cone crusher, Henan Hongxing is always doing the best in products and service.

China has announced a creation of a high-level body to integrate its energy management supervision and policies, functions that are currently dispersed among many government agencies. The following are basic information about one of its major energy resources -- coal, which accounts for about 70 percent of China's energy use. Coal reserves stood at 1.03 trillion tons as of 2006, which was the world's third-largest amount, and the country's coal deposits are concentrated in the northern and northwestern parts of the country. Shanxi, the largest producing province, contributes a quarter of the nation's total output.

China, the world's leading coal producer and consumer, saw its raw coal jaw crusher output reach 2.52 billion tons in 2007 andconsumption that year stood at 2.58 billion tons, according to statistics from the National Bureau of Statistics. Coal is largely used to generate electricity, produce building materials like cement and glass and produce steel. This latter demand is met by coking coal, which constitutes 27 percent of China's total coal reserves.

China mainly imports coal from southeast Asian nations such as Vietnam and Indonesia, which supplied 76 percent of its total imports in 2007. It also exports coal, mostly to Asian countries: the Republic of Korea (ROK) and Japan took up about 65 percent of its total exports.But exports have been falling as China takes steps to keep coal home to fuel its fast-growing economy. The government introduced a series of tax changes starting in 2004 to curb coal exports.

Net exports slid to 25 million tons in 2006 from 45.6 million tons in 2005. The figure plunged to 2.15 million tons in 2007, a mere fraction of the 82.9 million tons exported as recently as 2003.

China reported a 20.2 percent decrease in the number of fatalities caused by coal mine accidents in 2007.The country's safety watchdog said that 3,786 people were killed in coal mine accidents last year.

2007 was the second consecutive year for the country to report a 20-percent fall in coal mine accident fatalities, Li Yizhong, headof the State Administration of Work Safety (SAWS), said at a national work safety meeting in Beijing.China has been shutting down coal mines with small capacities and pouring more investment into safety facilities to improve the colliery safety record. Sand maker:http://www.crusher-machine.com/18.html
Sand maker:http://www.hxjqchina.com/product-list_57.html
Jaw crusher:http://www.crusher-machine.com/1.html

Small coal mines, those with annual output capacity of less than 300,000 tons, accounted for one third of all the coal mines in China, but caused two thirds of the total deaths every year, according to sources with the SAWS.The country has closed 11,155 small coal mines since it began to shut down small collieries in the second half of 2005.In recent years, mining safety has been a top concern of the government, which imposed stricter supervision and tougher penalties to restrain illegal operations. Many small mines were closed or merged with larger mines.

More than 2,700 coal mines had to halt production due to power failures caused by heavy snow this winter in the central and southern provinces of Hunan, Jiangxi, Yunnan and Guizhou, according to SAWS head Li Yizhong. He reported the data at the ongoing annual respective session of the National People's Congress and the Chinese People's Political Consultative Conference.

SAWS has decided to help more than 13,200 coal mines, mostly small ones, to resume production soon, as maintenance work was completed after the Spring Festival holiday period.

Shenhua Group, China's largest coal producer, produced 235 million tons of coal in 2007, up 15.8 percent from a year earlier, according to the State-owned Assets Supervision and Administration Commission. The Beijing-registered company, both listed in Hong Kong and Shanghai, aims to produce more than 250 million tons of coal in 2008.

As the professional manufacturer of complete sets of mining machinery, such as rotary kiln,sand maker, Henan Hongxing is always doing the best in products and service.

China will strengthen the establishment of an assurance system for iron ore resources to ensure the steady development of the steel industry during the 12th Five-Year-Plan period (2011-2015), the Ministry of Industry and Information Technology said on Monday.

Ensuring the supply of raw materials for steel mills - including coal and iron ore - will be an essential goal over the next five years, said Luo Tiejun, deputy director of the ministry's Department of Raw Materials.Luo commented during an industry event in Tianjin.China should accelerate the overseas iron ore projects that domestic companies have invested in over the past few years.

'We have invested in many iron ore projects in Australia and Africa, but few have reached large effective production capacities,' he said.

According to the ministry, China aims to have an additional 100 million tons of overseas iron ore magnetic separator capacity by the end of 2015.'Domestic iron ore demand was high during the first nine months and imports during the period increased 11.5 percent,' said Luo.'The number of countries that export iron ore to China keeps growing and has risen from 48 to 63,' Luo said, without giving pecific data.

He said China should make full use of iron ore resources in nearby countries, where there are abundant reserves.'For instance, two steel companies in Heilongjiang province imported about 7 million tons of iron ore in 2011, 4 million tons more than last year,' Luo said.The government encourages domestic steel mills to explore resources cooperatively with foreign countries to realize better global resource distribution.

'Mining resources have become the essential element for energy security and sustainable development for all countries,' said Zhu Jimin, chairman of Shougang Group, one of China's largest steel companies, also speaking in Tianjin.China's steel production capacity has increased from 100 million tons in 1996 to about 700 million tons at present, spurring rapid growth in iron ore and coal demand, said Zhu.However, domestic iron ore mines only supplied 32 percent of demand, with imports of 618 million tons in 2010, he added.'The assurance system for iron ore resources will help the supply situation for domestic steel makers, but a market-oriented mechanism is required to ensure the fairness of the system,' said Xu Weidong, managing director of Tianjin Zhongtian Hongda International Trade Co Ltd, a State-owned resources trading company.'The system helps keep iron ore prices more stable to some extent, but it requires a long time to take effect,' he said.According to the ministry's announcement, China will eliminate hundreds of small steel companies over five years through mergers and acquisitions. At the end of the five-year period, the total output of the top 10 steel companies will increase from 48.6 percent to 60 percent. ball mills:http://www.hx-crushers.com/p72.html
raymond mill:http://www.hx-crushers.com/p54.html
ball mills:http://www.hxjq-crusher.com/50.html

Meanwhile, the government will implement policies to encourage steel companies to establish mills abroad and expand their overseas business, with the aim of forming world-class companies in the industry.

As the professional manufacturer of complete sets of mining machinery, such as vibrating screen,rotary kiln, Henan Hongxing is always doing the best in products and service.

Despite the fact that China is the world's second-biggest importer, it will cut import duties on selected energy products and raw materials as well as consumer goods to boost purchases, the State Council said in a statement on Friday.

The decision underlines Beijing's intent to buy more from its trade partners to boost domestic consumption and comes after China posted its largest monthly trade deficit in at least a decade in February.

It is the first time the State Council has devoted a regular meeting to the issue of boosting imports, which is usually the responsibility of the Ministry of Commerce.

As we maintain stable growth in exports, we should focus more on imports and appropriately expand its amount,' the State Council said in a meeting.

China, the world's largest exporter, will have to rely less on exports to drive its economy in coming years, when growth in the US and European markets is predicted to slow.

Importing more will lift living standards and ease China's disputes with its trade partners, according to the ministry.

Vice-Premier Li Keqiang said earlier this month that China will import $10 trillion worth of goods and services in the five years ending 2015.

Wang Shouwen, director of the ministry's department of foreign trade, said on Friday that China is set to boost imports of capital goods and consumer goods as the country plans to further diversify and expand imports.

'One of the ministry's top trade priorities this year is...to increase imports of capital goods, especially spare parts, and consumer goods,' Wang said at an Import Expansion and Balanced Trade Development Forum in Kunshan, Jiangsu province.

According to the ministry, China's imported goods are currently divided into three main categories: capital, consumer and resources. Resources such as iron ore(iron ore beneficiation), copper and aluminum comprise the majority of the country's total imports.

'Encouraging the import of capital goods such as advanced spare products is undoubtedly helpful to upgrading China's industry, the promotion of investment efficiency and improving international competitiveness,' Wang said.

To boost imports, the State Council said it will cut duties on 'some energy products, raw materials, consumer goods closely related to people's daily lives, and key items that China does not produce'. China's import tariffs on energy products are generally low. For instance, an import duty of 1 percent is levied on mainstream gasoline products and diesel is duty-free.

The new move is expected to reduce China's trade surplus by increasing imports, which may help reduce trade frictions with other countries, experts said.

At present, China has trade surpluses with 75 percent of its trading partners, resulting in a series of disputes and protectionist barriers, according to the ministry.

To transform into a more consumer-driven economy, Beijing is adopting a 'buy more but not sell less' approach, which helped narrow its trade surplus by 14.5 percent in 2011 to $155 billion. In February, China posted a $31.5 billion trade deficit as commodity imports pushed total purchases up 39.6 percent compared with a year ago, more than double the pace of export growth.

Last year, China's imports reached $1.74 trillion, accounting for 9 percent of the global figure, according to the ministry. Currently, that amount is expected to grow about $100 billion annually.

The ministry said greater effort on expanding imports will be significant for the recovery of the global economy.

'We will strengthen cooperation with the General Administration of Customs to further facilitate customs clearance and provide greater convenience for enterprises,' said Wang from the commerce ministry.

With more import liberalization, China's overall tariff rate is about 9.8 percent, much lower than the average of other developing economies.

Zhang Yansheng, director of the Foreign Economy Research Institute under the National Development and Reform Commission, said the government should carefully consider the adverse effect on domestic companies brought by increased imports of capital and consumer goods.

As the professional manufacturer of complete sets of mining machinery, such as raymond mill,Ore beneficiation,impact crusher, Henan Hongxing is always doing the best in products and service. sand maker:http://www.hx-crushers.com/p39.html
Impact crusher:http://www.hxjqchina.com/product-list_12.html
Raymond mill:http://www.crusher-machine.com/13.html

Numerous studies show that, an enterprise must follow closely the market trend during the period of economic crisis and its own development strategy for the target direction. It must adjust working mode looks for new opportunities. Mining machinery sales plummet is mainly due to the influence of the enterprise order atrophy. In view of this downturn of the state, the country has issued a new policy, the Chinese steel and mining industry practice industrial restructuring. Our country mining industry mining machinery industry must hold the crisis, face is not only challenge and opportunity two-way choice, is this fall or vigorous development did not need to say.

The future for a period of time will be the country's mining machinery industry fast growth stage. Mining machinery industry analysis report mentioned, how to organize production according to market demand, allocating resources, in the market downturn. Mining machinery industry analysis report mentioned, how to organize production according to market demand, allocating resources, bad market conditions in the product structure optimization, market, and for increasing earnings and more, long-term development of mining machinery industry is facing the biggest tasks and challenges. In such a situation, mining equipment manufacturers to be combined with their own characteristics, seek a contrarian and on the road.

Currently, the country's mining machinery industry in high value-added production, quality, variety and there is a big gap between the specifications, and in the new industry, new equipment, new technology being original development and engineering aspects and the level of developed countries have certain gap, and our country enterprise energy consumption on the high side, in environmental protection needs to be improved. These problems in mine machinery industry economic benefit is good and not taking seriously enough, but right now it is shrinking the order for product structure enterprise to adjust the good opportunity, for some low added value, high energy consumption and high pollution product for decisively cut even stop production, and has pointed out some new products, from long-term speaking for the survival and development of enterprises have the great significance.

Although today, mining machinery manufacturing in selling affected by the economic crisis of the bigger effect, but from a long-term point of the development of this field and a large market can mining. And mining machinery and equipment large-scale and high quality quantitative development trend, and also to mine industry at present the country of the optimization of the industrial restructuring advocates varieties, science and technology innovation concept is very fit. At present, the domestic mining equipment is mainly divided into broken equipment, grinding equipment and artificial system such as sand blasting equipment, including artificial sand blasting equipment field has made by domestic equipment basic began to replace the imported equipment.

This research mainly by the consulting report ShangPu consulting research centre, according to the national bureau of statistics report, industrial and commercial bureau, tax bureau, the general administration of customs and the state council development research center, the development and reform commission, the ministry of commerce, the state information center, each big commercial database, the relevant industrial associations, magazine, newspaper, the cities and the company the published material writing, this report is related enterprise, research unit and bank government, accurate, comprehensive, rapid know the current development trend of the industry, grasp the enterprise strategy development orientation direction indispensable professional report

With its high quality products such as Jaw crusher, Sand washer、Stone production line、Cone crusher、Henan Hongxing mining machinery Co.Ltd has ascended in the front rank of the world in the exporting of mining equipments.

In terms of scale and magnitude, China’s mining industry ranks third in the world, although production statistics are sketchy. Most of China’s mineral production is consumed locally by state owned enterprises or banks. The country has about 80,000 state-owned mining enterprises and 200 000 collectively owned mines.

Over the years, China has established a mining industry system with a complete range of departments including geology, production, construction, scientific research, design, equipment manufacture(jaw crusher), management, education and training.

Several of China’s current mining operations are approaching ore reserve depletion, which has resulted in the need to locate and develop existing projects. This, coupled with a desire to encourage foreign investment in several sectors of the mining industry, makes China a highly prospective country.

China is the largest importer of iron ore in the world, accounting for about a third of the gloabal market. In 2003 iron ore production increased further to 122.7 Mt. Production of steel products reached 222.3 Mt in 2003, a 22% increase from 2002 making China the only country with annual steel production of over 200 Mt. Crude steel production increased by 21.2% in 2003 to 220.12 Mt. Output of pig iron increased by 19.7% to 202.3 Mt.

After four consecutive years of decline, China’s production of iron ore in 2002 posted an increase of 108.8 Mt. Output during the first 10 months totalled 188 Mt, an increase of 6% compared with the corresponding period of 2001, and the country’s state-owned, large-and-medium-scale enterprises, after having experienced continuous losses during the preceding ten years, began to make profits. Chinese demand for iron ore whether imported or domestically produced is the key determinant of the outlook for the global iron ore market in the short run. Crude steel production in China increased by 25% in the first quarter of 2004 compared to the same period in 2003. Iron ore production increased by 12% from 73 Mt to an estimated 82Mt with imports increasing by 48% in the same period.

China is the largest iron ore importer in the world and in 2003 imports increased by 33% (36.6Mt) to 148.13 Mt. The main suppliers were Australia (58.1 Mt), Brazil (38.4 Mt), India (32.3 Mt) and South Africa (9.6 Mt). Exports of steel products increased by 27% in 2003 to 7.0 Mt and Imports of steel products jumped by 52% to 37.2 Mt.Around 50% of iron ore production comes from mines located in Hebei and Liaoning provinces. The other provinces and regions that produce iron ore include Beijing, Shanxi province and Inner Mongolia.

The iron and steel industry in China has been stimulated by strong domestic demand, particularly from the construction industry, manufacturing and automotive sectors, hence the rapid growth of the iron and steel industry in recent years. In 2002, the government reduced the resource tax on iron ore by 40% for those vertically-integrated entities involved in both mining and metallurgical processing. The tax reduction was in line with the government’s policy to promote integrated iron and steel operations, balance the tax burden among different enterprises and encourage competition.

In order to stabilise supply channels and reduce the cost of iron ore,, the Strategic Task Force for Import of Iron ore by Steel and Ore Entities was formed at the end of 2003. The task force will negotiate for better terms from suppliers, and will buy iron ore on behalf of Chinese consumers.

As the professional manufacturer of complete sets of mining machinery, such as sand maker，impact crusher，dryer machine, Henan Hongxing is always doing the best in products and service. ball mill：http://www.hxjqchina.com/product-list_34.html
Sand maker：http://www.crusher-machine.com/18.html
Dryer machine：http://www.hxjqchina.com/product-list_35.html

Despite the fact that China is the world's second-biggest importer, it will cut import duties on selected energy products and raw materials as well as consumer goods to boost purchases, the State Council said in a statement on Friday.

The decision underlines Beijing's intent to buy more from its trade partners to boost domestic consumption and comes after China posted its largest monthly trade deficit in at least a decade in February.

It is the first time the State Council has devoted a regular meeting to the issue of boosting imports, which is usually the responsibility of the Ministry of Commerce.

As we maintain stable growth in exports, we should focus more on imports and appropriately expand its amount,' the State Council said in a meeting.

China, the world's largest exporter, will have to rely less on exports to drive its economy in coming years, when growth in the US and European markets is predicted to slow.

Importing more will lift living standards and ease China's disputes with its trade partners, according to the ministry.

Vice-Premier Li Keqiang said earlier this month that China will import $10 trillion worth of goods and services in the five years ending 2015.

Wang Shouwen, director of the ministry's department of foreign trade, said on Friday that China is set to boost imports of capital goods and consumer goods as the country plans to further diversify and expand imports.

'One of the ministry's top trade priorities this year is...to increase imports of capital goods, especially spare parts, and consumer goods,' Wang said at an Import Expansion and Balanced Trade Development Forum in Kunshan, Jiangsu province.

According to the ministry, China's imported goods are currently divided into three main categories: capital, consumer and resources. Resources such as iron ore(iron ore beneficiation), copper and aluminum comprise the majority of the country's total imports.

'Encouraging the import of capital goods such as advanced spare products is undoubtedly helpful to upgrading China's industry, the promotion of investment efficiency and improving international competitiveness,' Wang said.

To boost imports, the State Council said it will cut duties on 'some energy products, raw materials, consumer goods closely related to people's daily lives, and key items that China does not produce'. China's import tariffs on energy products are generally low. For instance, an import duty of 1 percent is levied on mainstream gasoline products and diesel is duty-free.

The new move is expected to reduce China's trade surplus by increasing imports, which may help reduce trade frictions with other countries, experts said.

At present, China has trade surpluses with 75 percent of its trading partners, resulting in a series of disputes and protectionist barriers, according to the ministry.

To transform into a more consumer-driven economy, Beijing is adopting a 'buy more but not sell less' approach, which helped narrow its trade surplus by 14.5 percent in 2011 to $155 billion. In February, China posted a $31.5 billion trade deficit as commodity imports pushed total purchases up 39.6 percent compared with a year ago, more than double the pace of export growth.

Last year, China's imports reached $1.74 trillion, accounting for 9 percent of the global figure, according to the ministry. Currently, that amount is expected to grow about $100 billion annually.

The ministry said greater effort on expanding imports will be significant for the recovery of the global economy.

'We will strengthen cooperation with the General Administration of Customs to further facilitate customs clearance and provide greater convenience for enterprises,' said Wang from the commerce ministry.

With more import liberalization, China's overall tariff rate is about 9.8 percent, much lower than the average of other developing economies.

Zhang Yansheng, director of the Foreign Economy Research Institute under the National Development and Reform Commission, said the government should carefully consider the adverse effect on domestic companies brought by increased imports of capital and consumer goods.

As the professional manufacturer of complete sets of mining machinery, such as vibrating screen,ball mill,dryer machine, Henan Hongxing is always doing the best in products and service. Dryer machine:http://www.crusher-machine.com/24.html
jaw crusher:http://www.hx-crusher.com/crusher.html
Ore beneficiation:http://www.crusher-machine.com/n51.html