business

China shrinking steel industry, but too slowly for West

4 Comments
By JOE McDONALD

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2018 GPlusMedia Inc.

4 Comments
Login to comment

The diversion of resources into the Great Leap led to famine that killed tens of millions of people.

And the government still has not apologized to the traumatized families nor reimbursed them for their losses.

They think that since they eventually made huge steel furnesses and made jobs all is ok. Not true.

0 ( +0 / -0 )

They think that since they eventually made huge steel furnesses and made jobs all is ok. Not true.

So what they did instead was produce more steel, jobs, and food instead.

0 ( +0 / -0 )

China is definitely dumping due to its overzealous oversupply, but........

That means that while Trump has singled out China for criticism, his latest tariff hike is likely to hit U.S. allies Japan and South Korea harder.

The United States bought just 1.1 percent of China's steel exports last year compared with 12 percent for South Korea and 5 percent for Japan, according to the U.S. International Trade Commission.

0 ( +0 / -0 )

@ lostrune2

Exactly. But someone has to be blamed for a local problem :)

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites