{"id":2141,"date":"2016-03-01T17:05:53","date_gmt":"2016-03-01T09:05:53","guid":{"rendered":"http:\/\/people.utm.my\/murtadha\/2016\/03\/01\/china-to-lay-off-at-least-5-million-coal-and-steel-workers-by-2019\/"},"modified":"2016-03-01T17:05:53","modified_gmt":"2016-03-01T09:05:53","slug":"china-to-lay-off-at-least-5-million-coal-and-steel-workers-by-2019","status":"publish","type":"post","link":"https:\/\/people.utm.my\/murtadha\/2016\/03\/01\/china-to-lay-off-at-least-5-million-coal-and-steel-workers-by-2019\/","title":{"rendered":"China to lay off at least 5 million coal and steel workers by 2019"},"content":{"rendered":"

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As part of its efforts to rejuvenate its flagging economy, China has revealed its plans to lay off 5 million to 6 million state workers in the coal and steel industries in the next two to three years.<\/p>\n

During a meeting between China’s premier Li Keqiang and U.S. Treasury Secretary Jacob Lew in Beijing on Monday, Li pledged to avoid devaluing its currency to boost economy growth.<\/p>\n

“China does not intend to devalue the renminbi [yuan] to engage in a trade war,” said Chinese Finance Minister Zhu Guangyao.<\/p>\n

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SEE ALSO: China’s economy hasn’t been this slow since Nirvana was still together<\/a><\/p>\n<\/div>\n

Facing global pressure to reassure financial markets, Li told Lew that China will move ahead with its long-term plan to squeeze excess production capacity out of industries where supply exceeds demand, reported<\/a> AP. Read more…<\/a><\/p>\n<\/div>\n

More about Retrenchment<\/a>, Economics<\/a>, China<\/a>, and Business<\/a>
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As part of its efforts to rejuvenate its flagging economy, China has revealed its plans to lay off 5 million to 6 million state workers in the coal and steel industries in the next two to three years. During a … Read More<\/a><\/p>\n","protected":false},"author":115,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2141","post","type-post","status-publish","format-standard","hentry","category-other"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts\/2141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/users\/115"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/comments?post=2141"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts\/2141\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/media?parent=2141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/categories?post=2141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/tags?post=2141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}