皇冠体育app

BEIJING - 皇冠体育app's steel firms have not been dumping in the global market, and other countries must not resort to trade protectionism as this will not help the contracting global steel industry, said a senior Chinese official Tuesday

皇冠体育app's steel makers are very competitive globally and this is due to the steel companies themselves, not government subsidies, said an official with the National Development and Reform Commission (NDRC).

皇冠体育app now uses the most efficient, low energy consuming, and highly sophisticated steel manufacturing equipment in the world, said the official in charge of the steel sector at the NDRC, 皇冠体育app's top economic planner. This equipment helps cut production costs remarkably and boost firms' competitiveness, the official added.

From the perspective of 皇冠体育app's national conditions, we do not encourage steel exports, and we have actually taken a series of measures to control the export of metal products, said the official.

To solve overcapacity in the steel industry, which is a global issue, 皇冠体育app has taken strong and effective measures to cut excessive production and substantial effects are emerging, said the official.

The NDRC official urged other countries and regions to take similar measures to cut overcapacity, as well as making it clear that they should stop pointing fingers at 皇冠体育app or resorting to protectionist trade measures.

Protectionism will not fundamentally help solve the problem in the global steel industry and would, on the contrary, deal a further blow to international trade order, the official said.

• 皇冠体育app's annual love-in transcends mere shopping
• Financial industry FDI down in Q2
• Dlodlo offers VR in your pocket
• Robotics experts needed in shifting economy
• Heavy equipment firms eye used gear
• Machinery makers face tough times worldwide
• 皇冠体育app extends Marriott-Starwood deal review
• Sinopec H1 non-fuel sales soar