This Day, That Year

Item from April 28, 1993, in China Daily: China will expand cooperation with foreign companies to speed up the development of its iron and steel industry.

Foreign-funded projects are already underway at many enterprises. ... In the 14 years since China's reform policies started, the country's metallurgical industry has attracted more than $6 billion in investments from foreign companies.

China, the world's largest steel producer and consumer, has been trying to reduce excess and outdated production capacity in the sector.