SHANGHAI ¨C These are not the best of times to be one of China¡¯s massive, state-owned steel mills. The domestic economy is slowing, competition is increasing, and there¡¯s widespread disgust and impatience with the smog pouring out of their stacks.
In short, their lucrative business model for the past three decades is slowly dying. So what¡¯s a manager of a Chinese steel mill to do?
One surprisingly popular option is to bid China goodbye.
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