With the implementation of China's active fiscal policy and sound monetary policy, the risks and challenges facing China's refractory industry are also clear. Firstly, the investment of unconventional fixed assets, mainly for large-scale infrastructure construction, has been transferred to the downward deceleration channel, and the domestic economic growth rate will be reduced. The sharp decline in the investment growth rate of all fixed assets will reduce the demand for iron and steel, cement, glass and other industries, and consequently will have an impact on the refractory shopping malls. Secondly, monetary policy has changed from moderate easing to steady, the price of raw materials may continue to rise, the cost of production factors in the real economy will gradually rise, and the profit margin of professional production and operation will be squeezed. Third, the constraints of the capital environment will be further tightened. With the strengthening of the government's management of capital, power and environment, the production of refractory industry is increasingly restricted. Full-career energy saving and consumption reduction, pollution control and emission reduction mission is very profound. The serious capital situation of some refractory raw materials is also difficult to alleviate in the short term.
Looking from the global situation, the world environment is beneficial to the development of Chinese industry in general. However, compared with the past ten years, the world environment for China's industrial development will gradually become tighter. First, the global economy may enter a period of low-speed growth. During the post-financial crisis period, the world economy will be in a period of low-speed growth. Secondly, the global supply and demand structure will change dramatically. Nowadays, some leading economies are planning intensive economic restructuring in an attempt to Re-industrialize with leading manufacturing industries as the center, expecting to revive manufacturing industries and expand exports. New economies and developing countries are also accelerating the development of industries and skills with their own comparative advantages. China's traditional superior industries will face more fierce competition in the world. Moreover, the world trade environment is not optimistic, the financial crisis has intensified trade maintenance, the color of trade protectionism has become increasingly dense, trade conflicts have increased significantly, the world trade environment has become increasingly chaotic, and the total world trade will show a downward trend.
From the perspective of China's refractory industry itself, although considerable progress has been made in recent years, the current situation of the whole profession still has a lot of discomforts compared with the development of various professions in the national economy, especially the high-temperature profession, and there is still a certain distance from the developed countries. As a major producer and spender of refractory products in the world, although the production capacity of refractory goods is very large, there are fewer types of high-skilled products, and the proportion of "green new" refractory products is relatively low. Facing the world market with great potential, there are not many high-skilled, high-grade and high value-added products. The proportion of finished products is high and the proportion of unshaped refractory products is low. Sodium metasilicate in addition, China's refractory industry technology innovation, cleaning production of the overall level is also lower than the world's leading level.