saltwaterfish| CITIC Construction Investment: Equipment renewal may promote supply-side reforms in some industries, especially the clearing of production capacity in traditional industries

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[CITIC Construction Investmentsaltwaterfish: Equipment updates may advance some industriessaltwaterfishSupply-side reforms, especially to promote the clearance of production capacity in traditional industries] Securities Times e Company News, CITIC Construction Investment Research reported that since the policy proposed replacing old ones with new ones and equipment renewal, the market has generally been concerned about the way and scale of funds will be provided.saltwaterfish.saltwaterfish..

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[CITIC Construction Investment: Equipment updates may promote supply-side reforms in some industries, especially the clearing of production capacity in traditional industries] Securities Times e Company News, CITIC Construction Investment Research reported that since the policy proposed trade-in and equipment updates, the market has generally Concerned about the way funds are provided, the scale and possible impact. According to the details of existing policies, the renewal of consumer goods focuses on fiscal subsidies, involving central fiscal subsidies or at the level of 10 billion yuan. Equipment renewal focuses on market-oriented advancement, and support within the fiscal budget is not the absolute main body of funds. Whether an industry's equipment needs to be updated will fully evaluate four dimensional factors-industry standards, capacity utilization, profitability and demand. With this in mind, equipment updates are likely to promote supply-side reforms in some industries, especially the clearing of production capacity in traditional industries. Specifically, the impact path of equipment renewal on the industry level is the expansion of environmental protection utilities and the provision of production capacity clearance paths for chemicals, petrochemicals, steel, and building materials. Leading enterprises in the chemical, petrochemical, steel, building materials and other industries have benefited from investment opportunities from the new round of supply-side reforms.

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