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...Exhibit 1: From Caijing on Wednesday: “The whole steel market has already collapsed in August, because any steel maker, including Baosteel (600019.SH), would make a loss at a such [low] price levels,” Wu Xichun...
...“If Comrade Mao Zedong was still alive, he wouldn’t put up with this kind of thinking,” Wu Xichun, honorary chairman of the China Iron and Steel Association said this week about newspaper stories on the...
...Wu Xichun, honorary chairman of CISA, said the 2010 figure was the result of concerns about overcapacity in the industry and the withdrawal of some of the government’s stimulus measures....
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