Severe Economic Situation Causes a Slow Growth of Tungsten Market (Tungsten Heater)

In recent years, China's economic situation is not optimistic, not only China, the global economy is in the doldrums, although China's GDP is still growing, but the growth rate has declined for five years, and it is likely to continue declining in next few years. After years of rapid economic growth, the current slow growth is a normal phenomenon. Peking University scholars believe that China is undergoing historic economic restructuring. In this tough economy condition, businesses and individuals need to do the pre-judgment for the future development. In addition, the continuous depreciation of the RMB has a great impact on the domestic economy.

What are the main reasons for the decline of China's current economy? Professor of Economics Hai Wen said that the first reason is a long-term trend. The growth of a country's economic cannot always keep 10% of high growth. On the other hand, the second reason is now China is now facing macroeconomic cycle. This recession is still a continuation of the 2009 recession. It can be seen from the tungsten market a few months ago that the price is fluctuating and most buyers have been kept wait-and-see attitude for a long time, resulting in the overall trading volume of whole tungsten market (tungsten heater) is in decline. While China's GDP growth rate has slowed compared to previous years, China's economy still has a great potential for development. Because China is in the take-off stage of economic, and the development potential is from the four areas, including services, urbanization, technology, innovation and manufacturing industry and the new developed space to brought by " The Belt and Road Initiative ". With the development of science and technology, it is believed that there will be more room for the development of China's economy in the future. Therefore, the tungsten market will be better soon.

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