, which is a partial translation of the first half of
John Ferriola, China’s Shifting Economic Realities and Implications for the United States. Nucor, Fen 24, 2016 (testimony before the US-China Economic & Security Review Commission (USCC, where the first C stands for China and the Second C for Commission) ). https://www.steel.org/~/media/Fi ... ten%20Statement.pdf
Quote:
"The Chinese government literally owns most of the steel industry. * * * Simply stated, the Chinese government is a company disguised as a country engaged in economic warfare.
"China’s economic growth appears to be slowing sooner than experts anticipated. The slowdown in economic growth is impacting steel demand in China * * * According to the China Iron and Steel Association 中国钢铁工业协会, its member companies lost 10 billion dollars last year.
My comment:
(a) The first sentence of the testimony address "Co-Chairs Cleveland and Wessel." They are commissioners Robin Cleveland and Michael R Wessel (out of twelve commissioners altogether, including the chairman who was elected by commissioners), neither of which has been a politician and both were appointed for a renewable two-year term (the former by then Senate Minority Leader Mitch McConnell who is presently Senate Majority Leader, and the latter by House Minority Leader Nancy Pelosi). These two are co-chairs that that particular hearing, though the Commission has only one chairman, Dennis C Shea (serving a 2-year term; reappointed by Senate Minority Leader Mitch McConnell)
(b) This is Nucor's narrative. There must be many other sides.