Around 50 years ago, Mao Tse Tsung's period
China was closed to the World, Population, Poverty, Communism,
Then Kissinger went to China (to offset the Soviet's)
Gave China - preferred trading partner status
50 years later - the sleeping giant awakes, stands and is growing taller
For example, take steel. "steel industry remains at the
core of a sustainable modern society".
Steel is essential to our society. As a permanent material which can be recycled over and over again without losing its properties, steel is also fundamental to a successful circular economy. From transport systems, infrastructure
and housing, to manufacturing, agriculture or energy, the industry is continuing to expand its offer of advanced high strength steels which reduce the weight of applications and encourage circular economy practices.
For society, the benefits include durable products, local jobs, reduced emissions and the conservation of raw materials for future generations
According to World Steel
China is top consumer and consumed 56% of world steel production in 2019
EU - 9%
NAFTA (US, Canada, Mexico) - 7.6%
India - 5.7%
New Zealand, Australia - 0.4%
China is also the largest producer of crude steel - 996 Million Tons per Year
World production - 1,865 MTPA
===============
===============
Which brings up the question and not,
Where did China get the money to buy and build steel plants but...,
what is China doing with all this steel?
Edited by
jaish
on Fri 09/24/21 03:56 AM
