Yesterday, Chinese President Xi Jinping made it clear that the Chinese side has cut about 70000000 tons of steel production capacity. Xi Jinping's statement shows that, like the British leaders, the Chinese high level also attaches great importance to the impact of the British iron and steel industry crisis, because most of the British manufacturers believe that this is due to China's dumping.

according to the British Reuters reported that Xi Jinping's visit to Britain yesterday, said: China's iron and steel industry has cut capacity 77800000 tons." A simultaneous translation of the first simultaneous translation of this figure to 7 tons. On the same day, the China Iron and Steel Industry Association Deputy Secretary General Li Chong told China Daily said British and American media reports with Britain's iron and steel industry layoffs unfair, Britain is not cheap Chinese exports of steel, but its competitiveness weakened.

Xi Jinping during his visit to Britain coincided with the British steel industry crisis malpractice. Reuters previously reported that introduction, only in this month, was abolished or be placed in jeopardy of British steel more than 4000 jobs. The industry believes that this is mainly due to the Chinese counterparts dumping products. On the first visit to Britain, the world's top 500 enterprises in India's Tata Steel (Tata Steel Corp) will be laid down by the British business to blame a lot of cheap imports, especially from China's iron and steel products. China accounts for nearly half of the world's 16 tons of steel production, according to

. With the slowdown in domestic economic growth, China's steel exports this year will reach a record 1 tons, in order to help digest estimated as high as 3 tons of idle capacity. Li Chong pointed out that the British media failed to provide detailed data on prices and import statistics, ignore the Chinese investment in the UK help Britain to create the fact that about 5000 jobs in fiscal year 2014-2015. Bower, spokesman for British Prime Minister Cameron, said yesterday that Cameron will talk with Mr. Xi Jinping about the severe problems in the steel industry in London, according to, a spokesman for the British Prime Minister, Peng Bo. Bower believes that the British steel industry faces many challenges, China's export of iron and steel competitive price is one of the challenges, the global output of excess and the decline in steel prices is also a number of challenges.

Li Xinchuang believes that the current global steel market is weak, so the industry's competition, China's iron and steel manufacturers to provide high quality products and services,

"because of the high cost and low efficiency of other competitors, it has no use, can not solve their fundamental problems."

"if you are keeping your old business, you will lose money and lose your business...... China has been in the adjustment, why can not the United Kingdom