China Keeps on Milling
China has reported that through the first three quarters of the year its steel industry has continued its rapid growth with a total production of 255.286 million tons of crude steel, up 27.39 percent year-on-year.
This growth numbers for iron and rolled steel show that the production of iron was 239.213 million tons, up 30.98 percent and rolled steel was 268.819 million tons or an increase of 25.82 percent.
This has transformed into significant profit for 68 major Chinese steel companies totaling 903.09 billion yuan, up 25.63 percent and the profits were 65.35 billion yuan, up 11.73 percent year-on-year.
The numbers just keep on showing that the PRC has reached the status of industrial power, and the industries that China keeps concentrating on growing are all vital to militaristic expansion. With steel production comes the ability to maintain a major military force required to accomplish China's ambitious world domination goals.
You don’t see the same kind of growth numbers in Chinas health or education sectors, mostly due to their perceived irrelevance in helping the Peoples Liberation Army.
This growth numbers for iron and rolled steel show that the production of iron was 239.213 million tons, up 30.98 percent and rolled steel was 268.819 million tons or an increase of 25.82 percent.
This has transformed into significant profit for 68 major Chinese steel companies totaling 903.09 billion yuan, up 25.63 percent and the profits were 65.35 billion yuan, up 11.73 percent year-on-year.
The numbers just keep on showing that the PRC has reached the status of industrial power, and the industries that China keeps concentrating on growing are all vital to militaristic expansion. With steel production comes the ability to maintain a major military force required to accomplish China's ambitious world domination goals.
You don’t see the same kind of growth numbers in Chinas health or education sectors, mostly due to their perceived irrelevance in helping the Peoples Liberation Army.
posted by Aleksandr at 9:12 PM
1 Comments:
This is even more important than it looks, since China is (and has been for a few years) producing more steel than the US or Europe.
In fact, the best statistics I could find (I am not really that good at finding current stats) apear to show China producing more than US and Europe combined.
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