Tuesday, April 12, 2016

You can't Brexit industrial decline

Reuters --

China wants to work with the rest of the world to find an appropriate resolution to overcapacity in the steel sector, its foreign ministry said on Monday, after Britain asked the world's top producer of the alloy to hurry up and tackle the problem. Britain's Foreign Secretary Philip Hammond made the request while meeting his Chinese counterpart Wang Yi in Beijing on Saturday.

If only there was some precedent for multiple countries to get together and collectively manage policy for heavy industries prone to gluts!

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