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China to axe 1.8 million coal, steel jobs

Cecilia Jamasmie | February 29, 2016 | 5:56 am Energy Asia China Europe Coal Iron Ore 

China plans to lay off 1.8 million coal and steel workers as part of the government’s ongoing efforts to reduce industrial overcapacity. Yin Weimin, the minister for Human Resources and Social Security, said in a briefing Monday that 1.3 million...

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