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Stimulus plan
January 8, 2009, Thursday
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Print Edition
Print Edition
CHINA, the world's largest steel making nation, plans to speed mergers and close obsolete plants as part of a stimulus policy to support mills during the economic slowdown, an industry official said.
The government will use tax subsidies, give financial support and help with unemployment, Li Xinchuang, vice president of the China Metallurgical Industry Planning and Research Institute, said yesterday in an interview.
The government will use tax subsidies, give financial support and help with unemployment, Li Xinchuang, vice president of the China Metallurgical Industry Planning and Research Institute, said yesterday in an interview.
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