Tianjin Xinyue Industrial and Trade Co., Ltd.
Tianjin Xinyue Industrial and Trade Co., Ltd.
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Steel’s role in Chinese Economy

May. 24, 2018

“As a basic raw material for the national economy and downstream users, iron and steel has not been completely replaced by other materials that do not consume energy, resources, or consume less than steel.” Chi Jingdong further emphasized that “the steel industry will still be an economic society.” Developing an irreplaceable basic raw material industry, the steel industry, which is the backbone of the Republican economy, not only provides steel materials for downstream users and defense military workers, but also stimulates economic development and social employment, and can still become a national in the new stage of economic development in China. Economic development is an indispensable support for the industry."


“The iron and steel industry, as the forerunner of China's supply-side structural reforms, has vigorously promoted 'three gos, one drop and one supplement,' to resolve excess production capacity as a breakthrough point, optimize the structure, upgrade difficulties, and improve quality and efficiency.” Chi Jingdong pointed out that a large number of Iron and steel companies have started to practice high-quality development. These companies have characteristics in terms of equipment level, product level innovation capability, smart manufacturing, green development, employee recognition, and profitability to help the steel industry achieve high quality.


“The Chinese steel industry has created a glorious performance worthy of history and worthy of the people, and created an industrial culture and values that have Chinese steel characteristics.” Chi Jingdong finally stressed that “into a new era, embark on a new journey, to overcome difficulties, Fighting forward, the steel industry can achieve high-quality development and can fully take the lead in achieving high-quality development, build a modern steel that is both large and strong, and lay the foundation for achieving the goals of the 'two hundred years' struggle and the Chinese dream of a great rejuvenation of the Chinese nation and a solid foundation."


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