CHINA TOPIX

11/22/2024 05:22:51 am

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industrial overcapacity

China's ministries unveil plan for 1.8 million laid off steel and coal workers.

China Offers Assistance to 1.8 Million Laid Off Steel and Coal Workers

The Chinese government revealed on Saturday its general plans to steel and coal workers who recently lost their jobs, saying assistance includes early retirement, career counseling, and help in starting up a business.

Protest

EU Nations Clash Over Anti-Dumping Tariffs on Chinese Steel Imports

The European Union (EU) is struggling to find balance in its relations with China amid a dispute among members over anti-dumping tariffs levied on steel products from the Asian country.

China's coal and steel sectors are expected to layoff 1.8 million workers

China to Layoff 1.8 Million Workers From Coal, Steel Sector

China is expected to lay off 1.8 million workers from its coal and steel sector to lessen industrial overcapacity but no definite timeframe has been given, an official from the ministry of human resources and social security revealed on Monday.

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