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smi24.net
World News in Dutch
Март
2017

Minister: China to cut 500,000 heavy industry jobs

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BEIJING — China will cut another 500,000 steel and coal jobs this year to reduce excess production capacity, the labor minister said Wednesday, amid complaints the industries are flooding global markets and depressing prices. Beijing is in the midst of a multiyear effort launched last year to shrink bloated industries including steel, coal, cement, aluminum














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