• China plans to cut 1.8 million jobs in the coal and steel sectors

Market news

29 February 2016

China plans to cut 1.8 million jobs in the coal and steel sectors

China's minister for human resources and social security, Yin Weimin, said on Monday that 1.3 million workers in the coal sector and 500,000 workers in the steel sector could lose jobs as there is a overcapacity in both sectors.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.