Rise of China’s Xinjiang as coal hub undercuts climate goals
Output has surged 22% this year, the fastest growth of any region in China.
TOKYO, Oct 29 – The head of the Japanese steel industry group said on Monday that he is worried about signs of a slowing Chinese economy.
“The U.S.-China trade spat still has limited impact on Japanese steelmakers’ business, but we are concerned about signs of a weakening economy in China,” Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference.
Kakigi, who is also president of JFE Steel, a unit of JFE Holdings, said that there are signs of slowing automobile production in China although demand for Japanese automobiles there remained solid.
(By Yuka Obayashi; Editing by Muralikumar Anantharaman)
