China and the European Union have both fallen victim to the global problem of excess steel capacity, which has resulted from years of rapid expansion of global economies.
Now, they must use a toolbox of policies to restructure the sector, to improve efficiency and reduce capacity while increasing demand. The EU, which is facing challenges from terrorism, economic stagnation and immigration, concedes that steel overcapacity is a global issue, yet it largely blames the Chinese government, which it claims has subsidized the nation's state-owned steel companies. This month, the European Commission launched an anti-subsidy investigation into imports of Chinese hot-rolled flat steel, the subject of an anti-dumping probe since February. There are now 10 active trade investigations into steel products, as well as 37 anti-dumping and anti-subsidy measures already in place, according to a statement from the commission. The latest probe also comes shortly after the European Parliament passed a non-legislative resolution to block China gaining market economy status this year, the 15th anniversary of the nation joining the World Trade Organization. Cecilia Malmstrom, commissioner for trade, says the steel industry accounts for 1.3 percent of the EU's economic output and employs 330,000 highly skilled workers.
Shen Danyang, a spokesman for China's Ministry of Commerce, has countered this accusation, however.
Regardless, China's leadership has insisted it is determined to deal with the global problem of overcapacity. After enjoying boom times in its exports and real estate market over the past two decades, Shen says China will continue to readjust the industrial production structure to help domestic and foreign steelmakers.
The price of steel has risen in recent months, which Shen says has been driven by a surge in the global price of iron ore. The sector has already received a boost from increased activity in infrastructure construction. China aims to reduce crude steel production by between 100 million and 150 million tons over the next five years, and is attempting to encourage steel companies to work with downstream consumers to promote high-quality products in sectors ranging from autos and machinery to power and offshore engineering equipment.
The facility, constructed in the southern metropolis of Guangzhou, is part of a joint venture with Guangzhou Automobile Group Co and German multinational ThyssenKrupp. He says the company has invested in a program to train sales specialists at the University of Science and Technology Liaoning for the past three years.
According to the China Iron and Steel Industry Association, almost half of its 96 manufacturing members reported losses last year, with the average selling profit standing at just 0.45 percent.
Sun Jin, director of communications for Wuhan Iron and Steel, one of China's largest iron producers by capacity, says even though the company announced two months ago that it would cut up to 50,000 jobs, there have so far been no layoffs or pay cuts.
During a visit to its headquarters in Wuhan, Hubei province, on May 23, Premier Li Keqiang designated the company as a pilot state-owned company to reduce excess capacity and transfer redundant workers to other posts using financial aid and policy support. The central government estimates that 500,000 steelworkers will lose their jobs as part of efforts to cut overcapacity. Figures from the China Iron and Steel Industry Association show 77.8 million tons of crude steel capacity has been cut nationally since 2011. Like other steelmakers, Wuhan Iron and Steel also sees diversification as a way to stay afloat.
Shandong Hualian Mining Holdings Co recently invested in the dairy industry as it attempts to move away from iron ore mining and producing fine iron powder. The company, which recorded a 275 million yuan loss in sales revenue last year, is now a major shareholder in Ground Dairy Industry Co, which makes milk, yogurt and cheese in two plants in northeastern Changchun city and runs three dairy farms.
However, professor Lu Feng at Peking University's National School of Development says the efforts won't be fully implemented unless local authorities are willing to stop providing assistance to so-called zombie companies, including steelmakers and coal mines. Chen Xingguang, military officer of the ship Nanhaijiu 118, part of a fleet controlled by the Ministry of Transport's South China Sea Rescue Bureau, told China Daily of the plans.
Wang Wensong, captain of the Nanhaijiu 118, says the ship proposed for the mission might be bigger than his 3,700-metric-ton vessel and will be equipped with advanced rescue facilities. The bureau was involved in the search for Malaysia Airlines Flight MH370, which disappeared more than two years ago on a flight from Kuala Lumpur to Beijing. He says the bureau has 31 ships and four helicopters to cover rescue work in the South China Sea. The South China Sea boasts one of the world's busiest shipping routes, with about 40 percent of global cargoes shipped annually passing through these waters.
Zhang Zengxiang, deputy director of shipping at the maritime affairs bureau in Sansha, Hainan province, says the proposed base station will help with rescue work in the southern South China Sea. He adds that he distance is too great for helicopters, the most efficient way to save lives at sea. Boat captain Wang says: "We will try our best to save any vessel sending distress signals in waters under our jurisdiction, no matter what country a vessel is from - even it is from a country that has territorial disputes with China, or a country without diplomatic relations with us. Beijing has promised to develop its search and rescue capabilities in the South China Sea to "provide necessary assistance" to both Chinese and foreign vessels.
In 2006, Wang, then first officer of the Nanhaijiu 111, worked with other Chinese rescuers to search a vast area after a typhoon.
Wang says the growing number of rescue forces in the South China Sea will help with China's Belt and Road Initiative and business worldwide. United States Trade Representative Michael Froman says China is the source of half of all the world's steel, and the main source of the world's excess capacity. Sigmar Gabriel, the German minister of economics and energy, also said during a strike by more than 15,000 steelworkers at Krupp that China has not implemented a market-oriented economy. Compared with steel companies like Germany's Krupp, India's Tata and those in Britain, China's steel industry remains at a lower technology level. The European Union's imports of Chinese steel products are just a small part of the total, and those that they do import are products EU countries don't make anymore.
However, China imported about 1.2 million metric tons of steel from the EU last year to meet its needs in the auto and home appliance sectors. China has been the subject of most anti-dumping and anti-subsidy investigations for 19 consecutive years. China will host the G20 Summit in Hangzhou, Zhejiang province, in September, when one topic of discussion will be global governance.
China cannot bear fault for the excess capacity created by problems in other countries, such as old-fashioned management, backward technologies and manufacturing systems, and shrinking markets. The author is deputy director of the China Center for International Economic Exchanges and a former vice-minister of commerce. A disused complex in Beijing that once housed a major steelmaker has been transformed into a hub for organizers of the 2022 Winter Olympics. With its abandoned furnaces and smokestacks, the former Shougang Group site, about 20 kilometers west of downtown, still evokes memories of the capital's long industrial history. Former silos of Beijing Shougang Group have been refurbished as offices of the Beijing Organizing Committee of the 2022 Olympic and Paralympic Winter Games. Yet after extensive renovations to turn silos and warehouses into offices, the complex's western section is again buzzing with activity, with 160 employees of the Beijing Organizing Committee of the 2022 Olympic and Paralympic Winter Games already busy at work preparing for the sporting extravaganza. The relocation to the old factory, which started in April, comes after President Xi Jinping called for a frugal and sustainable approach to hosting the Games, which is in line with the International Olympic Committee's proposal to cut bidding and organizing costs for hosts. Beijing and Zhangjiakou, in neighboring Hebei province, were named as hosts of the 2022 Winter Olympics in July. While the exteriors of the steel plant's structures remain relatively unchanged, inside they have undergone a series of low-carbon refurbishments, including being fitted with solar-charged lighting and rainwater recycling, as well as functional interior decoration. Guo says the whole process should be completed in February, when up to 1,000 employees from about 30 committee departments are expected to move into the complex. Shougang Group began relocating from the site in 2005, as part of measures to reduce air pollution in the run-up to the 2008 Beijing Summer Olympics. After shuttering its plant in the capital in 2010, the state-owned enterprise rolled out a blueprint to revitalize the site, such as by opening an industrial park to incubate the cultural and creative sectors and urban services sector. Liang Zongping, the board director of Shougang Group, says resettling the 2022 Olympics organizing committee was an ideal opportunity for the company to implement its ambitions for a business upgrade. The steel company, which owns the property, has also begun planning for after the 2022 Games, when it hopes the site will be used for winter sports activities and related service sectors. Despite the grand plans, however, concerns over the environmental safety of former industrial sites and the lack of transportation links with downtown and residential areas remain challenges.
Zhang Xudong with the Olympics organizing committee's sports department says his daily commute has doubled since his team moved to the former steel plant from its original office in north-central Beijing. According to the Beijing city government's urban development plan, at least two new subways will be built to connect the site with other areas.
On the matter of health and safety, Liang adds that all former industrial sites that are refurbished and repurposed must pass third-party environmental assessments to ensure they are safe to use.
Yang Baojun, director of the China Academy of Urban Planning and Design, says he feels that resettling the committee in the old Shougang plant provides the city and the company with an opportunity to diversify the postindustry development of the region. On top of the large infrastructure investment needed to prepare for the Games, prudent planning can also help host cities to leverage support resources to boost less-developed regions, as shown by the 2012 London Olympics. Since staging the Games at the economically built Olympic Park, living standards in London's East End, once its poorest community, have improved thanks to a new transport hub, abundant public sports facilities and shopping malls, which were all developed as part of the park. Liu Yumin, executive deputy director of planning, construction and sustainability for the Beijing organizing committee, envisions that the Chinese capital's west end will enjoy a similar boost. For the past two years, the 36-year-old has worked at the state-owned company for only two days a week.
Jinan Steel, in eastern Shandong province, has lost nearly 4 billion yuan ($610 million; 544 million euros) since 2012. Workers within five years of retirement age can opt to leave and receive their pensions immediately. Du grew up in the Jinan Steel workers' community, home to 40,000 employees and 60,000 immediate family members. His father, 64, retired as a security guard at the mill five years ago and is now recovering from a stroke.
Du's hesitation over quitting stems from the difficulties he encountered 10 years ago when he tried to get a job for life - the so-called iron rice bowl - at Jinan Steel. After graduating from a vocational school run by the company, he discovered that his childhood friends had become his rivals in the search for work. In March, the central government announced it had set aside 100 billion yuan to help workers laid off in the coal and steel industries.
Jinan Steel mainly produces steel plates, deformed steel bars for the construction industry and screw-thread bars, which are used to reinforce small ships. Rizhao Steel has a geographical advantage, too, because it is located near a port on the Yellow Sea.
Previously, the school and hospital were only for workers, but they began accepting students and patients from outside about five years ago. Zhang Zhongfa, deputy director of Jinan Steel Hospital, says outsourcing its services saved the medical facility. Six years ago, the company gave the hospital a subsidy of 40 million yuan, but last year the flow of funds dried up. In 2012, the operating revenue generated by these activities accounted for about 29 percent of the total, but now they account for more than 50 percent.
Three years ago, the Shandong government announced controversial plans to relocate Jinan Steel - the area's biggest polluter - to a town further southeast.
On the one hand, you have European and United States steel producers, hit by a slumping world market for steel products; and on the other, you have China, with its vast industrial resources able to churn out steel products at highly competitive prices. If there was a high demand for steel, China's output and that of the European steel industry could exist side by side, as it has in the past. The US, known for its ability to jump behind the shield of protectionism at the earliest opportunity, has reacted by imposing a 552 percent increase in tax on some categories of imported Chinese steel products, although the items affected constitute a very low percentage of US steel imports; thus the move is more political than real.
The European Union, which has major steel industries in France, Germany, Belgium and Britain, was quick to blame Chinese overproduction, with European Commission President Jean-Claude Juncker warning of fresh trade duties on Chinese steel imports.
Tata Steel, the Indian conglomerate that has put much of its British operations up for sale, blames Chinese dumping for the industry's problems, as do the unions. Britain, which is actively helping Tata find a buyer for its plants, is not keen to follow the EU hard line, warning that tougher tariffs will only push prices higher and harm other industries that rely on steel. Britain can point to success, saying a 99 percent drop in imports of rebar steel products used in the construction industry in January showed that only a mild increase in import tariffs can work. Here's an idea of what the Chinese government is having to wrestle with - domestic demand has slumped, so the government is having to try and help producers find overseas markets. In Europe, when a worker loses his job or gets laid off, the countries all have social support networks that offer unemployment pay and a range of other benefits. Steel plant closures in China would have a massive social and financial impact in the regions housing the industry, especially given the sheer numbers involved. It may be as well for European and US trade negotiators to remember the pressures that China faces, too.
China, together with other countries and regions, is facing severe challenges from overcapacity in steel production, which requires the joint efforts of international players to solve.
During the 12th Five-Year-Plan (2011-15), China cut around 90 million metric tons of crude steel capacity. The utilization rate is below a reasonable level, which led to an industrial operating margin of negative 2.23 percent, and many small-sized companies have gone bankrupt due to losses. Even so, the country plans to cut crude steel capacity by another 100 million to 150 million tons in the next five years, according to the 13th Five-Year-Plan (2016-20). It shows that the country has done, and is still doing, lots to help solve the global oversupply problem in the steel industry.
Hesteel, formerly Hebei Iron and Steel Group, for example, plans to cut 5 million tons of crude steel capacity by the end of next year.
The United States' steel industry should stop its narrow-minded understanding of China's steel business and take responsibility, together with China and the steel industries of other countries, to reduce overcapacity, which is a historical task for all of us.
Reducing overcapacity is a challenging process; it involves huge numbers of employees, large amounts of debt, and risks social stability. First, up to 500,000 employees in the steel sector will need to find a new job to achieve the country's capacity reduction goal. Although some companies have transferred employees smoothly through detailed preparation and high costs, others are unable to do that because of a shortage of capital or local policy support.
Zombie companies are economically unviable businesses, often in industries that have severe overcapacity, and have been kept alive long after they should have died thanks to money poured in by governments and banks. Zombie companies often have complicated debts concerning upstream and downstream companies. China's steel companies' debt ratios average around 70 percent, and in some cases it is higher. Last but not least, steel companies usually play an important role in a local economy, more so in areas where steel is the pillar industry.
The US, Japan and European countries have spent more than 10 or 20 years solving the overcapacity issue in their steel sectors. At present, the utilization rate of the world's steel capacity is around 66 percent, and that of China is 71 percent.
Steel, a material widely used in construction and other applications because of its high tensile strength and low cost, has made an unprecedented contribution to global economic development and human civilization.


In the future, it will continue to play an important role in the world's economy because of its high quality, low cost and greenness, even though it will face competition from other advanced materials. Everyone in the steel industry should focus on working harder to meet the growing requirement of clients and spend more passion on technology innovation and new applications. China expressed strong dissatisfaction on Friday over a declaration issued by the Group of Seven industrialized nations that criticizes China, though not mentioning it by name, for its sovereignty claims in the South China Sea. She urged the G7 member states to honor their commitment to not take sides on the disputes. In the declaration, the G7 leaders expressed concerns over the situation in the region and called for "peaceful management and settlement of disputes".
The declaration called for maintaining "a rules-based maritime order in accordance with the principles of international law as reflected in the United Nations Convention on the Law of the Sea". In the name of respect for freedom of navigation and overflight, the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States said they are committed to "peaceful dispute settlement".
The statement said that countries should make and clarify their claims based on international law, refraining from "unilateral actions" that could increase tensions and not using force or coercion in trying to drive their claims. Hua said China resolutely safeguards freedom of navigation and overflight, but the navigational freedom of commercial vessels is not the same as the willful trespassing by warships.
She said China opposes the smear campaign by some countries in the name of "navigational freedom". Lyu Yaodong, a researcher at the Institute of Japanese Studies at the Chinese Academy of Social Sciences, said Japan has been willfully internationalizing the South China Sea issue.
It has pushed to include the issue in declarations of the G7 foreign ministers' meeting and the G7 leaders' summit.
Motofumi Asai, former director of the China and Mongolia division of Japan's Foreign Ministry, said Japan has never played a positive, meaningful role in the G7.
Asai criticized Japan for including the South China Sea and Korean Peninsula issues in the summit's declaration.
The former Japanese diplomat said the G7, with its declining influence, will be overshadowed by the G20. The G20 is a major forum for global economic and financial cooperation that brings together the world's major advanced and emerging economies, representing about 85 percent of global gross domestic product, 80 percent of world trade and two-thirds of the world's population.
The G7 declaration stated that global economic recovery continues, but growth remains moderate and uneven.
The leaders said they will use "all policy tools" - monetary, fiscal and structural - to strengthen global demand and address supply constraints, while continuing efforts to put debt on a sustainable path.
He, a PhD graduate in biochemistry, spoke at the centuries-old event on Thursday morning, representing graduate students. To win the opportunity to speak, He went through three rounds of fierce competition, including drafts and auditions. His father, who didn't finish high school, was always strict with him and his younger brother about education.
He graduated from the University of Science and Technology of China - one of China's top universities - with a bachelor's degree in 2009 and was accepted into Harvard's PhD program on full scholarship the same year. The ministry said the country was resolutely opposed to the US decision and would encourage its companies to legally defend their interests. The US International Trade Commission said on Thursday that it would investigate a complaint by Pittsburgh-based US Steel Corp, which claimed that Chinese steelmakers and distributors conspired to fix prices, stole trade secrets via computer hacking and misrepresented the origin of their exports to the US. In its complaint, US Steel Corp is seeking to bar nearly all imports from China's largest steelmakers. Trade remedy measures recently taken by the US constitute trade protectionism, and they will disrupt trade and not solve the US steel industry's problems, said a statement by the ministry's Trade Remedy and Investigation Bureau.
It said current steel industry woes were global challenges and that a solution will require coordinated efforts by the countries concerned. Shen Yan, head of the legal affairs department at Shanghai-based Baosteel, said he was shocked and angered by the US move, which he said is against WTO rules. Sun Jin, director of the international publicity office of Wuhan Iron & Steel, said he was baffled by the US decision, because steel products involved in this case are products manufactured by Chinese companies for many years. Meanwhile, the US government imposed on Wednesday anti-dumping and anti-subsidy duties of up to 450 percent on exports of corrosion-resistant steel products from China. The European Union also launched an anti-subsidy investigation this month into imports of Chinese hot-rolled flat steel, the subject of an anti-dumping probe since February.
Liu Zhenjiang, secretary-general of the Beijing-based China Iron and Steel Association, said the US recently has taken frequent trade remedy measures against foreign steel products without prudence, which will not help solve problems faced by US steel companies. Japanese animal lovers were mourning on Friday the death of the country's oldest elephant, Hanako, who passed away at age 69 after triggering protests over her captivity.
Hanako, which means "Flower Child" in Japanese, became something of a cause celebre last year following an international campaign to improve the aging pachyderm's cramped living conditions.
The cause of death was not immediately known, zookeepers said, adding that an autopsy would be conducted later on Friday and the animal's body will be donated for medical research. According to Guinness World Records, the oldest known elephant was Lin Wang, an Asian elephant who died in 2003 at Taipei Zoo in Taiwan at age 86.
Hanako died on Thursday after 20 zoo staff members using rope attempted to raise her to her feet, a common technique used when elephants remain lying on the floor, according to Mashima.
Elephants die if they lie on their side for a prolonged period of time, since this can crush their internal organs, Mashima added. Hanako became a media star last year after a heart-wrenching blog post by a Canadian animal rights activist led to an online petition. The post, along with a photo of a sad-looking Hanako, went viral as more than 400,000 people signed the "Help Hanako" petition. And those with two children are particularly concerned about how to deal with the siblings' relationship, according to the survey results released on Friday at the Annual Conference of the Chinese Society for the Study of Marriage and Family.
The study, led by Mao in late 2015, collected 500 responses from 16 districts and counties in Beijing, surveying women ages 20 to 49.
In 76 percent of those cases, "unprepared pregnancy" was the major reason for having an abortion. The survey found that the average age of women in Beijing during their second delivery is 33. The top concern of the mothers of two children is how to deal with the siblings' relationship, according to the survey.
Most families in China had only one child before the country eased its family planning policy on Jan 1. The hospital has opened a counseling clinic for people who want to have a second child, according to China News Service.
Wang suggested that parents pay enough attention to psychological changes in the first child to avoid tensions in the siblings' relationship.
At the invitation of President Xi Jinping, Togolese President Faure Essozimna Gnassingbe will pay a state visit to China from May 29 to June 2, according to Foreign Ministry spokesperson Lu Kang. StoryDriven China, part of the ongoing Beijing International Fair for Trade in Services, is organized by the Frankfurt Academy with its Chinese partners to promote the idea of "storytelling and storyselling" in an all-media age. Beijing's Nanluoguxiang recently announced it would not receive group tourists due to limited capacity. The ancient hutong (alley) boasts many old residences, yet its main street is over-commercialized with shops and restaurants.
China Puppet Art Theater will present its production Adventures of the Monkey King: Mischief in Heaven at the Multi-functional Theater of the National Center for the Performing Arts from May 31 to June 1, as part of its Children's Day celebration. But things are changing as more Chinese video products are available on the international market. With a total box office of 44 billion yuan ($6.9 billion) in 2015, China has become the second-largest film market in the world, following North America. Additionally, more Chinese movies and TV dramas with diversified subjects and styles are being watched internationally. Speaking of the Chinese TV drama Shanshan Is Coming, Russian viewer Rutla, who only gave his first name and watched the entire series in a single day, called the drama amazing. The Journey of Flower, Empresses in the Palace, The Three Kingdoms and some other period dramas can be found on the internet with Russian subtitles.
While a limited number of Chinese teleplays have become popular in the United States, Africa has the most fans of Chinese movies and teleplays. Chinese and Africans have similar values when it comes to family and love, and that resonance promotes the popularity of Chinese storylines in Africa, said Zhang Junqi, executive officer of the Kenyan branch of StarTimes Corp, a Beijing-based private company that runs a Chinese movie and TV drama channel in Kenya.
During the recent 69th Cannes Film Festival, the Chinese pavilion welcomed a record number of consultations from international film producers and market managers, who see the potential of the Chinese film industry. At the festival, Roberto Stabile, an official from Italy's motion picture association, Anica, called for more coproductions between China's and Italy's film industries, saying the combination of Italy's creativity and China's technology can yield favorable results. Stabile underlined the importance of China's market, both for Italy's audio-visual sector and the "made-in-Italy" products. However, he believed that there were challenges to entering the Chinese market, as it requires great patience and professionalism.
International cooperation has been a mutually beneficial way for filmmakers and teleplay producers from China and abroad.
Both Wolf Totem - the film coproduced by China and France - and Kung Fu Panda - coproduced by China and the United States - have been successful. Stabile also wants to promote vintage Italian movies in China, saying he believed many Chinese film fans feel emotionally attached to some Italian masters of the past. Liu Qibao, China's top publicity official, attended an unprecedented dialogue with Australian Sinologists in Sydney on Friday, aiming to push for more cross-cultural communication. In a speech delivered at the dialogue, Liu, a member of the Political Bureau of the Communist Party of China Central Committee and head of the CPC Central Committee's Publicity Department, said Sino-Australian studies are gaining strength, with young Australian scholars joining the ranks in recent years. He said the Australian participants at the dialogue made good suggestions, for example that Australian journalists should go to China to learn more about its 13th Five-Year Plan (2016-20) and economy. About 10 distinguished Australian Sinologists and China studies experts attended Friday's event, which was led by Bob Carr, former Australian foreign minister and director of the Australia-China Relations Institute at the University of Technology Sydney. Carr commissioned a poll last year of 1,000 Chinese business leaders in China on their views on Australia.
Ninety-four percent of those polled viewed Australia as a favorable place to do business, he said, compared with 88 percent for the United States and 84 percent for the United Kingdom. Carr said that 83 percent rated economic relations with Australia as "extremely important" compared with 78 percent for the UK.
Laurie Pearcey, a China scholar and executive director at the University of New South Wales, said the dialogue was an "important platform".
Underscoring the latter aspect, the signings were witnessed by Liu Qibao, the Communist Party of China Central Committee's publicity chief, and Gary Quinlan, acting secretary of Australia's Department of Foreign Affairs and Trade. Six cooperative agreements were signed, involving Xinhua News Agency, China Daily, China Radio International, People's Daily website, Qingdao Publishing Group, the University of Technology Sydney, Fairfax Media, Sky News Australia, Global CAMG and Weldon International.
In recent years, China-Australia media cooperation has borne fruitful results and played an important role in facilitating mutual understanding between the two countries. Kang Bing, deputy publisher of China Daily, and Allen Williams, managing director of Australian Publishing Media Fairfax, signed a framework agreement on cooperation and logistics on behalf of the two media groups. Under the agreement, Fairfax Media's Sydney Morning Herald, The Age and Financial Review newspapers will issue an eight-page English-language edition of "China Watch" once a month starting in May. China Daily is forging the friendship with its Australian partner, he said, so that China's soft power will drive the wheel of friendship with Australia and New Zealand.
Williams, on behalf of Fairfax Media, said China Watch publications would enrich the content of the media group's daily newspapers, and Australian readers will be interested in reading in-depth coverage of China and China-Australian ties. China Watch, a multilingual publication of China Daily, reaches more than 50 million readers from political and business circles through the circulation channels of newspapers in various countries. It appears with The Washington Post and Wall Street Journal in the United States, The Daily Telegraph in Britain, Le Figaro in France, Handelsblatt in Germany, The Nation in Thailand, Jakarta Post in Indonesia, and Uno and El Cronista in Argentina. China Watch plays an important role in explaining China to the world and ensuring that the country's voice is heard. The three-year plan (2016-18), released early this month, makes a priority of building a "high-speed transit network, wide-ranging basic traffic network and highly efficient intercity urban traffic network" nationwide, the commission said in a statement. The NDRC has just approved the feasibility assessment report for a 43.13 billion yuan railway between Taiyuan, Shanxi province, and Jiaozuo, Henan province.
Policymakers have undertaken various measures, including ratcheting up investment - as in the infrastructure construction plan - to maintain stable economic growth.
As the 303 major infrastructure projects will all be undertaken in the same three-year period, they are expected to significantly stimulate economic growth.
The government encourages that the projects are financed through public-private partnerships, with businesses invited to participate. The construction of a high-speed transit network will focus on improvement of the existing high-speed railway and highway networks, said Zheng Jian, deputy director of the NDRC's Basic Industries Department. And the intercity urban traffic network construction will concentrate on the intercity railway network of three major city clusters: the cluster of Beijing, Tianjin and Hebei province, the Yangtze River Delta and the Pearl River Delta. China Watch is designed and edited in Beijing, but with the press of a button it will appear on a computer screen in Sydney to be printed and published in Fairfax newspapers in Sydney and Melbourne.
Fairfax papers have been responsible for recording Australia's history since before Federation in 1901, when Australia became its own sovereign nation. The Age and Sydney Morning Herald have covered the good and the not so good side of Australia and its growth as a nation. As a young boy I used to deliver the papers on Sunday in a quiet residential suburb on what was then the fringes of Sydney. Foreign Minister Wang Yi appealed to the group of seven most industrialized nations on Thursday to work with the G20 major economies to push Asia's economic growth forward.
Wang said Japan's leader should allow the G7 summit to focus on the development issues of the nations concerned rather than "doing things that are none of his business". He was speaking at a news conference in Beijing on the 100-day countdown to the G20 summit, which will be held in Hangzhou, Zhejiang province, in September.
Wang said he hoped the G7 - a forum for deliberating on the world economy - would concentrate on economic and financial issues of global concern instead of exacerbating regional tensions related to the South China Sea issue. He added that coordination between the G20 and G7 - whose members are included in the former - is welcomed.
Whatever issues it discusses, the G7 should take an objective position instead of having double standards. Wang said that China, in line with international law, intends to negotiate with the countries concerned to solve disputes by peaceful means. The G7 leaders, saying that the slowdown in emerging markets increases the level of severity in the global economy, agreed to promote structural reforms for higher growth.
The declaration to be issued by the leaders on Friday is expected to include the group's support for Abe's "three principles" of "rule of law at sea", according to Japan's Kyodo News agency.
Chinese Foreign Ministry spokeswoman Hua Chunying said on Thursday the compulsory dispute settlement procedures of the United Nations Convention on the Law of the Sea do not apply to the South China Sea issue, which is in essence a territorial dispute. China will not accept or recognize any unjust, invalid rulings on the South China Sea, Hua said.


The Philippines has unilaterally initiated an arbitration case against China in the Permanent Court of Arbitration at The Hague over their disputes in the South China Sea. Zhou Yongsheng, a professor of international relations at China Foreign Affairs University, said Japan is attempting to reach consensus among developed nations to contain China diplomatically. An investigation by the US securities watchdog into the accounting practices of New York-listed Alibaba Group could lead to global investors reevaluating Chinese internet stocks, according to an analyst. The share price of Alibaba Group fell by 6.8 percent, the biggest slump since January, on Wednesday after news broke of the investigation by the US Securities and Exchange Commission.
The regulator is looking at data reported from Alibaba's Singles 'Day promotion-China's biggest online shopping festival - the e-commerce giant disclosed in its annual report on Wednesday. It is also assessing how Alibaba consolidates results from affiliated companies, including Cainiao Network, its logistics partner. Alibaba said in a statement that the probe is routine and the company is providing documents and cooperating with the investigation, which should not be interpreted that the company has violated US federal law. Yin Sheng, an independent analyst who has followed China's internet industry for years, said the share prices of many Chinese internet companies do not fully reflect the uncertainties and risks they face. He said overseas investors used to pay a high premium for Chinese internet companies due to high growth. Deutsche Bank analyst Alan Hellawell said he "would never be dismissive of an SEC inquiry".
The firm maintains its "buy" rating on Alibaba, but Hellawell said he is looking forward to more detail on the SEC's exchanges with the company when documents are made public by the regulator.
The fishing vessel, its deck heaving with people, tipped over after the migrants rushed to one side on seeing a rescue ship - an all too frequent mistake that has led to many disasters in the Mediterranean.
The migrants, many of them men, and some already wearing life jackets as a precaution, were pictured as they clung to the boat's rails, to each other, or fell like stones into the sea. Some are seen hanging on to the starboard side of the vessel by their fingertips as it rolls, while others try to balance on the edge.
Pictures taken seconds later show the churning waters around the boat full of people trying to get away from the overturned vessel, which begins to sink with four people perched on the upturned hull. The Navy said a patrol boat spotted "a boat in precarious conditions off the coast of Libya with numerous migrants aboard" but the fishing trawler overturned shortly afterward "due to overcrowding". Life rafts and jackets were thrown to those in the water, while another Navy ship in the area sent a helicopter and rescue boats.
The migrants had sounded the alarm by calling for help using a satellite phone about 33 kilometers off Libya. It is not the first time a boat making the perilous journey across the Mediterranean has overturned because of sudden movement onboard when help is in sight. In August, a Palestinian survivor of such a shipwreck described the moment the boat rolled as "like being flung from a catapult. Migrants scramble on a capsizing fishing vessel before a rescue operation by Italian Navy ships off the Libyan coast. The commitment came on Thursday during Indian President Pranab Mukherjee's first state visit to China.
In a meeting with Mukherjee, President Xi Jinping said the two countries should make good use of various dialogues and mechanisms to enhance understanding and trust. Disputes should be solved in a proper way, Xi said, stressing that mutual beneficial cooperation is the theme of the bilateral ties. Sun Shihai, director of the Chinese Association for South Asian Studies, said Mukherjee's trip follows a visit to India by Xi in 2014 and seeks to convey the message that the two countries are ready to maintain the tempo of high-level interactions. Sun said that while China is concerned with improving ties between India and other countries, including the US and Japan, Mukherjee's visit shows India's efforts to strike a balance in its relations with these countries. At their meeting, Xi referred to his guest as a "seasoned statesman" and "an old friend of China". Fu Xiaoqiang, an expert on South Asian studies at the China Institutes of Contemporary International Relations, said Mukherjee has a very good understanding of China.
Indian Prime Minister Narendra Modi is likely to visit Hangzhou, Zhejiang province, to attend the G20 summit in September, which will be followed by the BRICS summit in the Indian city of Goa, which Xi will probably attend. Mukherjee arrived in Beijing on Wednesday from Guangzhou after addressing a China-India business forum attended by leading Chinese and Indian businessmen. He gave a speech at Peking University on Thursday morning and will leave for home on Friday. Pranab Mukherjee, who is making his first visit to China as India's president, has visited the country previously indifferent official capacities. Mukherjee, now 80, has a political career spanning nearly five decades since becoming a member of the upper house of the Indian Parliament in 1969. Starting in 1980,Mukherjee alternately served as India's minister of mines and steel, minister of finance, minister of commerce and supply, deputy chairman of the planning commission and minister of commerce and industry.
Mukherjee visited China in 2006 as defense minister, 2008 as foreign minister and 2011 as finance minister. The Indian president, who took office in July 2012, was inspired by the late Chinese leader DengXiaoping and has quoted him frequently. 20121 Kings 8:28 -- But please listen to my prayer and my request, because I am your servant. She claims thousands of jobs in the EU are at risk from a rapid increase of imports, partly caused by Chinese government subsidies. He says the country has never used subsidies to boost its steel exports, and instead suggests the export rise has resulted from greater competitiveness. According to media reports, the price of steel rose from $305 to $365 per metric ton in April on the back of China cutting 150 million to 200 million tons of steel and iron production capacity.
It opened a new plant in April to make high-end steel products for auto and home appliance manufacturing to offset the weak demand for low-end steel. To ease the blow, 100 billion yuan has been allocated to providing retraining and other support measures. According to company data, its nonsteel businesses - new materials, energy resources, engineering and information technologies, logistics and modern services - now make a vital contribution to its total revenue. He adds that efforts to cut overcapacity will be implemented as soon as local governments finalize and submit their action plans to the central government. This will possibly be carried out in the second half of the year," Chen says, without specifying which island the ship will be based at. The main way to handle accidents in the area at present is to arrange for vessels passing by to help. They located 22 Vietnamese fishing ships at Hanoi's request and rescued 330 Vietnamese fishermen.
Its excess steel products are all low-end construction materials, including deformed steel bars, hot-rolled coils, cold-rolled sheets and wire rods.
Some in the West use unfair financial regulations and rules to try and prevent emerging countries from developing.
China and Western counties with large steel production power can work together to open and operate steel plants in Africa. I forecast that Western nations will also blame China in other sectors, such as the clothing, leather, textiles and home appliances. The event will be staged in three venue clusters: in the capital's downtown and northwestern Yanqing county and in Zhangjiakou's Chongli county. Over the next five years, the steel company gradually moved its entire operations to Caofeidian in Hebei province. In truth, he has nothing to do at work but sit and chat, as since 2013 the major steel producer has intermittently suspended production.
His 62-year-old mother spent her entire working life as an assistant in a shop owned by the mill.
If he had been born earlier, he could have taken a job in the steel mill once his mother or father retired, but at that time the company only wanted college graduates, meaning there was no work for him.
But before he could start work, Jinan Steel reversed its policy and began hiring non-graduates. According to Yin Weimin, the minister of human resources and social security, about 1.3 million coal workers and 500,000 steel workers will lose their jobs this year. Its annual output of crude steel rose from about 7 million metric tons in 2000 to more than 12 million tons in 2007, when the government paid special attention to expanding the production capacities of a number of industries. The company, based in Shandong's Rizhao city, is much smaller than Jinan Steel but far more profitable. Jinan Steel is 300 kilometers from the nearest port, and 90 percent of its iron ore is imported by ship. All of them worked for Jinan Steel in some capacity, with the exception of one uncle, who was assigned to work as a doctor in another part of the province in the 1970s.
His daughter is now a lawyer in the company's legal office, while his son-in-law is a civil engineer there.
It has partnered with 15 clinics in nearby townships, and in 2012 began offering first-aid services in more than 30 towns. Despite that, the hospital's operating revenue rose to more than 200 million yuan from 80 million yuan in 2011.
They include energy resources, natural resources, new materials, engineering technology, information technology, logistics, real estate, modern service sectors and agriculture. But a slump in demand has triggered an immediate knee-jerk reaction, mainly from European and US trade unions and manufacturers, that Chinese overproduction and dumping of steel at cutthroat prices on world markets is to blame. China, where 3 million workers are employed in the steel industry, exported 9.98 million metric tons of steel in March, a 23 percent rise on the previous month.
And when you consider that millions of other jobs in the supply chain in China depend on the steel industry, things don't look so black and white. China's large and medium-sized steel companies are leading these efforts and are determined to cut overcapacity. Due to the falling steel prices in the past several years and weak demand, some steel companies have become "zombies".
If those problems cannot be solved, a new debt crisis will be created for individuals and companies in the industrial chain. If a steel company goes bankrupt and the local government is not ready for economic development transformation, it may trigger a dramatic slump in the local economy and lead to further social instability.
The scale of China's reduction plan is much bigger than that of those countries, which means China is facing much more difficulties. So, we have to be clear that steel overcapacity is not China's problem, but the world's problem, and it should be solved by all parties. He was bitten by a poisonous spider, and his mother treated his hand with an old folk cure - setting his hand on fire because there were no doctors.
Because using the science we already have, we could probably bring my village and thousands like it into the world you and I take for granted every day.
Koch Institute for Integrative Cancer Research, where he will study malaria and hepatitis virus infection.
The puppet play is adapted from the first seven chapters of Journey to the West, an ancient literary classic dating back to 400 years ago.
The basic traffic network construction will center on building the midwest railway and interregional main line railway. Back in 1972, when Gough Whitlam was elected prime minister of Australia, one of the first things he did was to recognize China.
It was The Age newspaper then owned by David Syme and Co, later acquired by Fairfax, that helped establish China Daily in 1981. While The Age and Sydney Morning Herald can trace their respective publishing histories back to the early 1880s, China Daily is a relative newcomer.
It should not differentiate its allies from others and inflame regional tensions, Wang said. Supported by an increasing number of nations, China will continue to uphold its "just stance". Japanese Prime Minister Shinzo Abe said G7 leaders must lead international efforts to address this issue. But he added that dialogues such as that disclosed by Alibaba occur with "some regularity" between the SEC and other Chinese internet companies listed in the US. The Navy said 562 people were pulled to safety and the operation ended without finding any further survivors or victims.
I could only see heads, all around, amid the waves, everyone pushing down on everyone else to try to stay afloat".
Joint cooperation will not only promote their peace, prosperity and development but that of the world. He has also met and interacted with top Chinese leaders, including Xi and Premier Li Keqiang, during their visits to India. From 2004 to 2012, he alternated as defense minister, foreign minister and finance minister. When Indira Gandhi was prime minister, she advised him to hire an English tutor and brush upon his pronunciation.
Germany's steel industry developed over more than 100 years, and Krupp was always satisfied with its sales and good brand reputation. This behavior will, in the end, curb their own development because it leads to low consumption in developing countries. It has imported advanced equipment from Italy to produce special steel that can be used in the aerospace and aviation industries and in the construction of expressways. China is strongly dissatisfied with what Japan and the G7 have done," Foreign Ministry spokeswoman Hua Chunying said at a news conference. As a graduate from Harvard, he wins honors for our country!" wrote weibo user Danuannanpanpaner. It has gathered the world's top publishers, writers, filmmakers and artists to share their views on how to produce better content for many platforms.
China Daily will tell more stories of those who do business, live and stroll along the alley with a series in the days ahead. Mukherjee refused to heed to her advice and said he is comfortable with his Bengali accent. However, the manufacturing technologies and management rules that the company has followed need development. The Krupp strike was a warning for both the German government and the company that it needs technological innovation and development.



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