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| China-Japan-Koreas |
| China expects to lay off 1.8 million workers in coal, steel sectors |
| 2016-02-29 |
| China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity, an official at the human resources and social security ministry said on Monday. Yin Weimin, minister of human resources and social security, said capacity cuts will lead to some layoffs in 2016, but added that he was confident of keeping employment stable this year despite downward pressure on the economy. No timeframe was given for the 1.8 million figure cited. China aims to remove around 500 million tonnes of coal production capacity within the next three to five years and halt approvals of all new projects. |
| Posted by:gorb |
| #6 This is news from last year, + yes the CCP/CPC in Beijing is deeply worried about its effect on national + econ stability. |
| Posted by: JosephMendiola 2016-02-29 21:06 |
| #5 Tis a shame. All that Potemkin gone to waste. |
| Posted by: JHH 2016-02-29 13:46 |
| #4 I think they opted for building just plain islands to fit out with all the bobbles and tweaks their spies and hackers can pick up from American defense contractors (not to be confused with tech they get the White House just to turn over). |
| Posted by: Procopius2k 2016-02-29 09:23 |
| #3 They should build 24 Iowas and put triple plates of armour on them. And heavy weight photon torpedoes and be fitted for, if not with, rods from gawd. Make it submusivul too, with hovering capability. |
| Posted by: Shipman 2016-02-29 09:15 |
| #2 I suspect just sucking in the air in Beijing some days could potentially lead to black lung disease. |
| Posted by: Procopius2k 2016-02-29 08:58 |
| #1 Won't that also reduce the 'black lung' claims? Disability RIFs are very popular here. |
| Posted by: Skidmark 2016-02-29 08:48 |