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Article: NORTH EASTERN CHINESE CEMENT, STEEL FIRMS SLOW DOWN.
- Article from:
- AsiaPulse News
- Article date:
- May 18, 2009
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BEIJING, May 18 Asia Pulse - Cement and steel firms in northeastern Liaoning Province, one of China's old industrial bases, have been hit hard by the global economic downturn.
Qianshan Cement Co, a subsidiary of China Shanshui Cement Group, has seen a decline of orders since last year. The demand for cement from the nearby cities of Liaoyang, Panjin and Anshan has declined and "the company had to stop a production line, which had a daily capacity of 1,000 tonne," Monday's China Daily reported, citing the company's deputy party secretary Chen Yunxiang.
However, Chen is optimistic about a recovery after the country's 4 trillion yuan (US$585.908 billion) ...