China commits tocutting steel production, says Javid
China has vowed to reduce theamount of steel it makes, BusinessSecretary Sajid Javid said.
He spoke after a crisis meetingin Brussels about the global steel glut that was attended by 30 countries.
China has "absolutelyrecognised that it is a problem of overcapacity in their country", MrJavid said.
However, China rejectedsuggestions that it subsidised its loss-making steel companies, and the meetingended without any formalagreement. Nevertheless, Mr Javid said China is "committing to do something aboutit and I think that'sa very positive step forward". He said it was the first time allthe major steel-producing nations had come together with the industry todiscuss the issue of excess capacity.
Mr Javid admitted that there was no "overnightsolution" to the issue of excess production: "The discussiontoday with all these countries coming together is something that we pushed for, and... China's participation will help make the difference."
Chinese steel output rose inMarch, according to official figures released last week, despite repeatedpledges to cut capacity.
Ministers and trade officials, including from the US and India, as well as the World Trade Organisation, World Steel Association and the private sector attended Monday's meeting, which was organised by the OECD. Mari Kiviniemi, OECD deputy secretary-general, said there was "very strong willingness" to hold further talks,with some countries wanting to take more"concrete steps".
Gareth Stace, director of UK Steel, said:"We appear to be no closer to finding international actionto put in place solutions. This is a global problem which requires a global solution to remove current over-capacity and time is a luxury we don't have."
讲解版链接：
https://mp.weixin.qq.com/mp/audio?_wxindex_=0&scene=104&__biz=MzI5MTE4NDYyNg==&mid=2651025509&idx=1&voice_id=MzI5MTE4NDYyNl8yNjUxMDI1NTA4&sn=4c5062d80a61346641476452cdbbb876&uin=&key=&devicetype=Windows+7&version=6205051a&lang=zh_CN&ascene=7&winzoom=1
本课重点：
Commit oneself to sth/doing sth致力于做某事
英国商业达成 Sajid Javid
glut==供过于求（名词）
end without xxxx
we should do something aboutit.
This is a positive stepforward. 这已经是一个进步了
This is something we arepushing for=这是我们都在推动的事情
WTO: 龙永图先生
Very strong willingness to do sth
OECD: a rich-country club
Concrete steps: tangible, solid steps
Appear to be no closer to doing sth
Put in places: imagination, innovation, execution
Time is a luxury we don’t have
We cannot afford to ignore the significance of doing sth
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