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Baosteel Group Corporation
China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. The company was formed by Baosteel Group absorbing its smaller state-owned peer, Wuhan Iron and Steel Corporation in 2016. It is the world's largest steel producer. In 2015, Baowu was the second largest steel producer in the world measured by crude steel output, with an annual output of around 35 million tons (China's total steel production in 2015 was 803.8 million tons), and employed 130,401 employees as of the end of 2012, had annual revenues of around $21.5 billion, and produces a mix of products. In 2019, the company closed the gap with ArcelorMittal reaching 95.47 million tons of steel, and hitting $78 billion in revenues, with 195 434 employees. According to World Steel Association (Chinese companies data were provided by China Iron and Steel Association), the corporation was ranked the 5th in 2015 the wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pudong
Pudong is a district of Shanghai located east of the Huangpu, the river which flows through central Shanghai. The name ''Pudong'' was originally applied to the Huangpu's east bank, directly across from the west bank or Puxi, the historic city center. It now refers to the broader Pudong New Area, a state-level new area which extends all the way to the East China Sea. The traditional area of Pudong is now home to the Lujiazui Finance and Trade Zone and the Shanghai Stock Exchange and many of Shanghai's best-known buildings, such as the Oriental Pearl Tower, the Jin Mao Tower, the Shanghai World Financial Center, and the Shanghai Tower. These modern skyscrapers directly face Puxi's historic Bund, a remnant of former foreign concessions in China. The rest of the new area includes the Port of Shanghai, the Shanghai Expo and Century Park, Zhangjiang Hi-Tech Park, Shanghai Pudong International Airport, the Jiuduansha Wetland Nature Reserve, Nanhui New City, and the Shang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reform And Opening
The Chinese economic reform or reform and opening-up (), known in the West as the opening of China, is the program of economic reforms termed " Socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC). Led by Deng Xiaoping, often credited as the "General Architect", the reforms were launched by reformists within the Chinese Communist Party (CCP) on December 18, 1978, during the " Boluan Fanzheng" period. The reforms went into stagnation after the military crackdown on 1989 Tiananmen Square protests, but were revived after Deng Xiaoping's Southern Tour in 1992. In 2010, China overtook Japan as the world's second-largest economy by nominal GDP and in 2017 overtook the United States by becoming the world's largest economy by GDP (PPP). Prior to the reforms, the Chinese economy was dominated by state ownership and central planning. From 1950 to 1973, Chinese real GDP per capita grew at a rate of 2.9% per year on average, albe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shaoguan Iron And Steel
Baosteel Group Guangdong Shaoguan Iron and Steel Co., Ltd. known as Shaoguan Iron and Steel or SGIS or Shaogang () or Shaosteel (formerly Shaoguan Iron and Steel Group) is a Chinese steel maker. The company is a joint venture of central government-owned iron and steel conglomerate China Baowu Steel Group (51%; formerly known as Baosteel Group) and (49%). Structure The company was registered in Guangzhou, Guangdong, but the general office is located in Maba, Qujiang District, Shaoguan, Guangdong. SGIS Group is the parent company of SGIS Songshan Co., Ltd. () for 53.37% stake, which most of the group assets and revenue came from. History The steel plant in Shaogang, Guangdong was established in 1966 (as ). In 1989 the plant was marketized as a company and was subsequently renamed into Guangdong Shaoguan Iron and Steel Group Corporation () in December 1993. In December 1996, it became Guangdong Shaoguan Iron and Steel Group Co., Ltd. () Shaoguan Iron and Steel was one of the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and foreign trade. Located in this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP; Guangzhou, the capital of the province, and Shenzhen, the first special economic zone in the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhanjiang
Zhanjiang (), historically spelled Tsamkong, is a prefecture-level city at the southwestern end of Guangdong province, People's Republic of China, facing Haikou city to the south. As of the 2020 census, its population was 6,981,236 (6,994,832 in 2010) whom 1,931,455 lived in the built-up (or metro) area consisting of four urban districts: Chikan, Xiashan, Potou and Mazhang. In 2007, the city was named China's top ten livable cities by Chinese Cities Brand Value Report, which was released at 2007 Beijing Summit of China Cities Forum. History Imperial China era During the Qin Dynasty (221–206 BC), the area belonged to Xiang Shire. The imperial government of the Han Dynasty (206 BC−220 AD) set Xuwen County as the administrator of the whole Leizhou Peninsula. It was one of the earliest departure points on the Maritime Silk Road. It was a city port soon after. Great numbers of Putian colonists settled in the Leizhou peninsula, establishing colonies during t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xinjiang Ba Yi Iron And Steel
Xinjiang Ba Yi Iron and Steel Co., Ltd. known as Ba Yi Iron & Steel or 8 1 Iron & Steel or August 1 Iron & Steel or BYIS or Bagang () or Basteel, is a Chinese steel maker based in Ürümqi, Xinjiang. The company was a second-tier subsidiary of China Baowu Steel Group, via Ba Yi Iron and Steel Group (now known as "Baosteel Steel Group Xinjiang Ba Yi Iron and Steel Co., Ltd."). The rest of the shares of the company float in Shanghai Stock Exchange. Xinjiang government is the minority shareholder of the holding company: Ba Yi Iron and Steel Group. History Ba Yi Iron and Steel Group The steel plant in Ürümqi () was founded in 1951 by the People's Liberation Army (PLA). It was named "8 1" based on the date of the establishment of PLA on 1 August 1927. It was one of the 18 small-sized steel plants established in 18 provinces of China. Ba Yi Iron and Steel was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry) It became a limited company after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meishan Iron And Steel
Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang () is a second-tier subsidiary of Baowu (formerly known as Baosteel Group) and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). The company was based in Nanjing. In 2004, Baosteel Group decided to inject Shanghai Meishan Iron and Steel Co., Ltd. to fellow subsidiary Baoshan Iron and Steel Co., Ltd., which is also a listed company. History Meishan Iron & Steel The steel plant at , in Yuhuatai District, Nanjing was founded in 1969 by the Shanghai Government. The mine became a quasi-exclave of Shanghai. In 1984, the steel plant and related industries became Shanghai Meishan Metallurgical Corporation (). The company was registered in the Government of Nanjing in 1990. In 1994, a new holding company was formed for Meishan Group, which the mine was spin-off from Meishan Metallurgical Corporation in 1995, while the iron and steel company became Shan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baosteel (subsidiary)
Baoshan Iron & Steel Co., Ltd., also known as Baoshan Iron & Steel and Baosteel, is a maker of steel based in Shanghai, China, and a subsidiary of state-owned China Baowu Steel Group (formerly Baosteel Group). It is listed on the Shanghai Stock Exchange. History In 2000, the Baosteel Group split, creating the new Baoshan Iron & Steel Co., Ltd., which is listed on the Shanghai Stock Exchange since 12 December 2000. It was the largest initial public offering in Mainland China up to that time, raising CNY 7.7 billion despite being limited to domestic investors. It was rumoured that the company has planned to list in the Stock Exchange of Hong Kong in the same year. (and again in 2007) However, they were never materialized. Baoshan Iron & Steel's IPO record was broken by fellow government controlling listed company Sinopec in 2001. Nevertheless, Baoshan Iron & Steel also re-capitalize a few times to increase its share capital and market capitalization. For example, right afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ThyssenKrupp
ThyssenKrupp AG (, ; stylized as thyssenkrupp) is a German industrial engineering and steel production multinational conglomerate. It is the result of the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen. The company claims to be one of the world's largest steel producers, and it was ranked tenth-largest worldwide by revenue in 2015."The world's largest steel companies in 2015, based on revenue" ''Statista'' It is divided into 670 subsidiaries worldwide. The largest shareholders are |
Shanghai Meishan Group
Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang () is a second-tier subsidiary of Baowu (formerly known as Baosteel Group) and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). The company was based in Nanjing. In 2004, Baosteel Group decided to inject Shanghai Meishan Iron and Steel Co., Ltd. to fellow subsidiary Baoshan Iron and Steel Co., Ltd., which is also a listed company. History Meishan Iron & Steel The steel plant at , in Yuhuatai District, Nanjing was founded in 1969 by the Shanghai Government. The mine became a quasi-exclave of Shanghai. In 1984, the steel plant and related industries became Shanghai Meishan Metallurgical Corporation (). The company was registered in the Government of Nanjing in 1990. In 1994, a new holding company was formed for Meishan Group, which the mine was spin-off from Meishan Metallurgical Corporation in 1995, while the iron and steel company became Shan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the '' Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
