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China has been witnessing massive overcapacity in its iron and steel sector and has vowed to reduce capacity. It plans to eliminate 100 million tons to 150 million tons of crude steel capacity in the five years from 2016. In 2017 alone, the country slashed its crude steel production capacity by more than 50 million tons, exceeding its annual target, as part of efforts to improve the competitiveness of the bloated sector.
China has never forced a foreign company to transfer technologies, nor does any Chinese law give nod to "forced" transfers. Necessary limitations on foreign ownership and approvals are by no means "invasive." The Chinese government is exercising its duties just like any other government.
China faces a surge in demand for care from an aging population.
China has identified 22 cities, including Beijing, Nanjing, and Wuhan, as venues for comprehensive cross-border e-commerce pilot zones.
China cut more than 2 trillion yuan (6.89 billion) in tax and fee cuts over 2019, accounting for 2 percent of the GDP of the year and pulled the 2019 GDP growth rate up by about 0.8 percent, according to People's Daily on Monday.
来源：资阳报