AISI: Anshan’s US investment intentions deserve “careful and thorough review”

Wednesday, 07 July 2010 02:19:01 (GMT+2)

AISI President and CEO, Thomas J. Gibson expressed his support for the US lawmakers' request. 

"China's strategic plan for its steel industry has been to create massive state-owned and controlled national champion companies like Anshan.  These companies operate at the direction of the highest levels of the Chinese government and benefit from massive government subsidies and other trade-distorting policies that give them an unfair advantage in international trade.  Given the economic and national security issues raised by a Chinese government investment in a US steel company, this matter certainly deserves very careful and thorough review by the appropriate US authorities."

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