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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (22361)	1/28/2005 1:14:36 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

A couple of dozens of smaller steel plants have been or will be shut down due to partially no enough iron ore and/or partially high cost or not enough energy/power. Too much foreign investment going to China has been energy intensive and high pollution. The gov. should have put a better control on that. A whooping 74% of ALL energy in China are consumed by industries, and only 11% are consumed by residential. And now during the power shortage, everyone has to suffer.