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Planned Reduction of China’s Steel Sector in 2018

March, 06 2017
watermark Economic news

China aims to reduce its oversupply in the steel sector for next year according to the National Development and Reform Commission (NDRC) Vice Chairman Ning JIzhe during a news discussion on Monday. They intend to lessen the quantity of steel by 50 million tons as well as the coal production greater than 150 million tons for the year following their state planner work report mentioned during the beginning of the annual parliament meeting.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.