China Cuts Overcapacity In The Steel And Coal Industries In Northern Regions
As China cuts overcapacity in the steel and coal industries in northern regions,Handan, a city in Hebei province where iron and steel are the pillar industry, has re-employed more than 12,000 workers. In 2016, Handan cut over 10 million metric tons of iron, steel and coal capacity . The government has already made the resettlement of laid-off workers a priority, officials from Tianjin municipality, and Hebei and Shanxi provinces.The
central government has listed the resettling of redundant workers as a priority task.