A worker from the Jiuquan Iron and Steel company in Jiayuguan, west of Beijing, takes a break. Photo: AFP

Blame China’s steel glut on meddling by local governments

Winston Mok says Beijing must rein in local officials’ economic adventurism and destructive competition, as a root cure to the problems of excess capacity

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A worker from the Jiuquan Iron and Steel company in Jiayuguan, west of Beijing, takes a break. Photo: AFP
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