Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：0  发布时间：2025-09-16

In September, at the third session of the fifth National People's Congress, some National People's Congress deputies raised questions to the Ministry of Metallurgical Industry about Baosteel's issues, including "how much investment will be spent on this project, how many products can be produced after the factory is built, whether the construction of such a factory is economically reasonable, whether the site selection of the factory is appropriate, and how the quality of the project is." Tang Ke, the Minister of Metallurgical Industry, responded to these questions one by one. He admitted that there were several lessons learned from Baosteel's construction, such as "the Ministry of Metallurgical Industry did not consider the principle of acting within its capacity enough; rushed to launch, did not conduct detailed feasibility studies, did not invite experts from all walks of life to demonstrate, and there were many shortcomings in the preparation work; if there is sufficient preparation time, it can be further saved. Some foreign exchange. There is also some waste in the use of funds, buying things that should not have been bought. Xinhua News Agency has publicly reported on this inquiry, indicating that some people hope to force the project to be aborted or postponed by making the situation public.