China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited the mayor, Cai Qi, as saying. Despite repeated pledges to get tough, large parts of northern and central China have been engulfed in thick smog again this winter, often for days at a time, disrupting flights, port operations and schools.
