Overcapacity in steel production is a worldwide problem. The main reasons for this are the slow recovery of the global economy and shrinking demand. - Liu Yandong

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Overcapacity in steel production is a worldwide problem. The main reasons for this are the slow recovery of the global economy and shrinking demand.

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About Liu Yandong

Liu Yandong (Chinese: 刘延东) (born 22 November 1945) is a retired Chinese politician. She recently served as the Vice Premier of Vice Premier of the People's Republic of China, and was a member of the Politburo of the Communist Part of China from 2007 to 2017, a State Councilor between 2007 and 2012, and headed the United Front Work Department of the Communist Party between 2002 and 2007.

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China has always followed the path of peaceful development, pursued a mutually beneficial and win-win opening strategy, strengthened friendly exchanges with other countries, and actively fulfilled its international responsibilities and obligations.

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