Zombie Factories In China's Steel Belt
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Zombie Factories In China's Steel Belt
January 26, 2016 License
The gate of the abandoned Qingquan Steel plant which closed in 2014 and became one...The gate of 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.
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Zombie Factories In China's Steel Belt
January 26, 2016 License
A smoke stack is seen through a broken window of a building in the abandoned...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.2of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
Derelict trucks sit in the abandoned Qingquan Steel plantwhich closed in 2014 and...Derelict trucks sit in the abandoned Qingquan Steel plantwhich 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.3of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
Machines and equipment sits idle in the abandoned Qingquan Steel plant, that was...Machines and equipment sits idle in the abandoned Qingquan Steel plant, that was closed in 2014 and is one of several so-called 'zombie factories' as, 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.4of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
Worker's lockers in the abandoned Qingquan Steel plant which closed in 2014 and...Worker's lockers 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.5of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
A general view of buildings in the abandoned Qingquan Steel plant which closed in...A general view of buildings 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.6of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
Machinery sits idle in the abandoned Qingquan Steel plantwhich closed in 2014 and...Machinery sits idle in the abandoned Qingquan Steel plantwhich 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.7of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
The character for the word 'emissions' is wrotten on the wall of the abandoned...The character for the word 'emissions' is wrotten on the wall of the abandoned Qingquan Steel plantwhich 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.8of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
A general view of buildings in the abandoned Qingquan Steel plant which closed in...A general view of buildings 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.9of 10
Zombie Factories In China's Steel Belt
January 26, 2016 License
A task board is seen in the abandoned Qingquan Steel plant which closed in 2014 and...A task board is seen 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.10of 10
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