Zombie Factories In China's Steel Belt : News Photo
Zombie Factories In China's Steel Belt : News Photo
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Zombie Factories In China's Steel Belt

TANGSHAN, CHINA - JANUARY 26: A smoke stack is seen through a broken window of a building in the abandoned Qingquan Steel plant which closed in 2014 and became one of several so-called 'zombie factories', on January 26, 2016 in Tangshan, China. China's government plans to slash steel production by up to 150 million tons, which could see the loss of as many as 400,000 jobs according to state estimates. Officials point to excessive industrial capacity, a slump in demand and plunging prices as they attempt to restructure China's slowing economy. Hebei province, long regarded as China's steel belt, once accounted for nearly a quarter of the country's steel output. In recent years, state-owned steel mills have been shut down and dozens of small privately-owned plants in the area have gone bankrupt. (Photo by Kevin Frayer/Getty Images)


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Restrictions:Contact your local office for all commercial or promotional uses.
Credit:Kevin Frayer / Stringer
Editorial #:507051798
Collection:Getty Images News
Date created:January 26, 2016
License type:Rights-managed
Release info:Not released. More information
Source:Getty Images AsiaPac
Object name:88978721
Max file size:5684 x 3840 px (18.95 x 12.80 in) - 300 dpi - 4.7 MB
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