BEIJING, May 27 (Xinhua) -- Industries like gold, building materials and electrical equipment in China are embracing performance improvement, according to Guosheng Securities, a company headquartered in Nanchang, capital city of east China's Jiangxi Province.
According to the company, in terms of upstream resources, mining and non-ferrous metals industries see falling performance due to demand declines, while gold is worthy of attention, whose prices continue to rebound because of expected slow-down of the Federal Reserve rate hike.
As for midstream materials, steel and chemical industries encounters continuous decline in performance, while building materials industry is still enjoying prosperity with cement and new building materials in particular, said the company.
It suggests attention should be paid to subdivisions of chemical industry whose supplies have been tightened such as pesticides and dyes.
Midstream manufacturing sees obvious improvement in general, said the company, noting that focus should be put on infrastructure-related construction and transportation equipment, wind power and photovoltaic equipment as well as military industry chain.
TMT (Technology, Media, Telecom) industry encounters sharp decline in performance due to large-scale impairment of goodwill at the end of 2018, noted the company. It believes homemade products concerning this industry will usher in prosperity in the future.
According to the company, attention should be paid to semiconductor industry which is in urgent need of homemade substitutes, related products with domestic operating system and domestic CPU, cloud computing as well as 5G mobile communication technology. (Edited by Gu Shanshan)
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