Topping China

finance ministers: And its very own parliamentary sessions are close at hand, according to Xinhua China. This is the time of year when China tends to release fresh signals to the market while promising economic stability and explaining exactly what it will do over the next five years. China is hosting a G-20 finance ministers meeting later this week in Shanghai. Topping China 13th-five year plan will be a campaign to significantly cut excess industrial capacity, particularly in the steel, cement, and coal sectors. Numerous debt-ridden companies in China rust-belt have gone out of business and now are zombie firms that have nowhere to sell their products. Industry data shows that in 2011 and 2012, China produced as much cement as the US did during the entire 20th century. (news.financializer.com). As reported in the news.