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Research Confirms Chinese Energy Subsidies
an Unfair Boon to Steel Industry

Research Confirms Chinese Energy Subsidies
an Unfair Boon to Steel Industry

Tuesday, January 8, 2008
 
According to a report released today commissioned by the Alliance for American Manufacturing (AAM), Washington, D.C., the Chinese government has, for the last several years, massively increased energy subsidies to its steelmakers. From 2000 to mid-year 2007, these subsidies totaled $27.11 billion, says the AAM report, authored by Dr. Usha C. V. Haley, Ph.D. These energy subsidies include supports for thermal and coking coal, electricity and natural gas. Also noted in the report: In 2005, China transitioned from a net steel importer to a steel exporter, and in 2006 it became the largest steel exporter in the world. To read the entire report, log on to www.americanmanufacturing.com.

 

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