Death and Despair in China's Rustbelt as Xi Reforms State Firms

A pedestrian walks along a road as water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The city's once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Phoptographer: Qilai Shen/Bloomberg via Getty Images
A pedestrian walks along a road as water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The city's once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Phoptographer: Qilai Shen/Bloomberg via Getty Images
Death and Despair in China's Rustbelt as Xi Reforms State Firms
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Bloomberg / Contributor
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513261902
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Bloomberg
Date created:
January 05, 2016
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CHINA TONGHUA
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