China Looks Overseas In Bid To Trim Down Bloated Steel Sector

Discussion in 'Stock Market Forum' started by Rainman, Apr 21, 2016.

  1. Rainman

    Rainman Senior Investor

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    To ease domestic steel and coal overcapacity, the Chinese government said it will, to help Chinese firms, shift capacity overseas using certain incentives . . .

    http://finance.yahoo.com/news/chinas-zombie-steel-mills-fire-021322113.html
    I suppose Eastern Europe is where they'll relocate to.
     

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