Word: steeling
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Dates: during 2000-2009
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...There's evidence that this dire scenario is uncomfortably possible. Although China's economy is growing relatively strongly, the government is so concerned about excess capacity that it recently banned investments in aluminum production and imposed stiffer conditions on new projects in the steel, coal and petrochemical sectors. Without such controls, "it will be hard to prevent vicious market competition and increase economic benefits, and this could result in facility closures, layoffs and increases in banks' bad assets," a government statement said...
George H.W. Bush extends Reagan-era steel-import quotas--limiting them to 20% of the U.S. market--for an additional 2½ years...
George W. Bush imposes tariffs of up to 30% on imported steel in an effort to bolster the struggling U.S. industry. Facing a possible trade war with Europe and an official WTO rebuke, he repeals them...
...Hong Kong last week, Metallurgical Corporation of China, a steel mill builder that helped construct Beijing's famed Bird's Nest Olympics stadium, stunned the stock market when it ended its first trading day 12% below its initial public offering price. The following day, an IPO by China Lilang, owner of the country's largest brand of men's clothing, also flopped, ending the day down nearly 1%. To think that less than three months ago, even lightweights like herbal shampoo manufacturer Bawang and furniture maker Hing Lee debuted with double-digit first-day gains...
...University, Bing played nine seasons for the Detroit Pistons. During that time, he was the rare All-Star talent who understood that there was life after basketball. In the off-season, he worked as a bank teller and manager, grasping for his next career. In 1980 he formed Bing Steel and rode the wave of automotive-industry interest in cultivating a base of black and female suppliers. He was, essentially, a bridge between Detroit's growing black middle class and the region's then largely white business élite...