In many ways, China’s industrial economy remains a riddle wrapped in an enigma. This characteristic was evident when the World Steel Association (WSA) reported recently that China, which has over 53 per cent share of global steel production, managed to lift output in January by 7.2 per cent year on year to 84.3 million tonnes (mt).
The riddle is on two counts: First, January is marked by Lunar New Year holidays when manufacturing and trading are at a low ebb. But when the week-long break was over, Beijing sought to contain the damage wrecked by the rapidly spreading coronavirus by ...
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First Published: Mon, March 02 2020. 21:38 IST
