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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2008, with the increasing impact of international financial crisis, the economic growth has apparently slowed down and the lack of demand has shown in the market. Owing to the issuance of a series of policies and measures in maintaining the economic growth, some confidence has been restored in China¡¯s steel market and some consumption has been made in the steel stocks. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 4 foreign investment projects in Metallurgy industry(Metallurgy Industry (Code C32) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2009, 8 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 423,920,000, down by 13.99£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| The following items are :HS,description,bound rate at date of accession,final bound rate,and implementation |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In 2006 global production of steel and iron set a new highest record. As for crude steel, the global production was 1.22 billion ton, up 9% over the previous year, 100.8 million ton more. As a part, Asia produced 647.54 million ton, up 12.9%, 73.99 million ton more, accounting for 53.19% of the world crude steel production. |
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