In order to resolve the smooth operation of overcapacity and ensure social stability, the central government has set up a special fund of 100 billion yuan, which is specially used for the resettlement of the employees of the steel and coal industry. In 2016 and 2017 alone, the steel industry set up 272 thousand employees. Using 5 years to resolve 100 million ~1.5 billion tons of overcapacity in iron and steel, this is a major decision made by considering the existing factors of our existing steel production capacity, domestic demand, employee resettlement and social stability, and global economic development. It fully embodies the attitude of China to maintain the sustained development of the world economy and respond to the global challenge. And as.
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Post time: May-31-2018