美最大钢铁公司总裁狠批中国产能过剩

choi

VOA Chinese, Feb 26, 2016.
www.voachinese.com/content/ceo-c ... 160226/3210566.html

, which is a partial translation of the first half of

John Ferriola, China’s Shifting Economic Realities and Implications for the United States. Nucor, Fen 24, 2016 (testimony before the US-China Economic & Security Review Commission (USCC, where the first C stands for China and the Second C for Commission) ).
https://www.steel.org/~/media/Fi ... ten%20Statement.pdf

Quote:

"The Chinese government literally owns most of the steel industry. * * * Simply stated, the Chinese government is a company disguised as a country engaged in economic warfare.

"China’s economic growth appears to be slowing sooner than experts anticipated. The slowdown in economic growth is impacting steel demand in China * * * According to the China Iron and Steel Association 中国钢铁工业协会, its member companies lost 10 billion dollars last year.

My comment:
(a) The first sentence of the testimony address "Co-Chairs Cleveland and Wessel."  They are commissioners Robin Cleveland and Michael R Wessel (out of twelve commissioners altogether, including the chairman who was elected by commissioners), neither of which has been a politician and both were appointed for a renewable two-year term (the former by then Senate Minority Leader Mitch McConnell who is presently Senate Majority Leader, and the latter by House Minority Leader Nancy Pelosi).  These two are co-chairs that that particular hearing, though the Commission has only one chairman, Dennis C Shea (serving a 2-year term; reappointed by Senate Minority Leader Mitch McConnell)
(b) This is Nucor's narrative. There must be many other sides.