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Tag Archives: Steel industry on subsidy life-support as China economy slows

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Steel industry on subsidy life-support as China economy slows

Steel industry on subsidy life-support as China economy slows

Subsidies accounted for four-fifths of the profits reported by Chinese steel companies in the first half of this year, a dramatic increase in reliance on state support that illustrates starkly the industrial weakness that is an increasing drag on theeconomy. The headwinds ...

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