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Steel producers fail to solve overcapacity crisis

US criticism of China's approach draws angry response from Beijing
Wednesday, April 20, 2016 - 05:50

China has been ramping up exports of steel in recent years as it battles to steer its economy into services-led growth and away from traditional manufacturing, while keeping employment levels high.


CHINA and other major steel-producing countries failed to agree on measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese officials.

A meeting of

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