China to build an iron and steel base in Guangxi_财经新闻

China to build an iron and steel base in Guangxi

文章来源：文章作者：发布时间：2007-07-31 06:34 字体： [大中小]　进入论坛

(单词翻译:双击或拖选)

Chinanews, Nanning, July 31 – Wuhan Iron and Steel Corporation and Liuzhou Iron and Steel Corporation recently decided¹ to invest 60 billion yuan to build an iron and steel production base at Fangcheng Port in the Beibu Bay in Guangxi Zhuang Autonomous² Region. The base will have a production capacity of 10 million tons. When put into operation, the iron and steel production base will provide rolled steel to southwest and south China regions. It can also meet the ASEAN countries need for rolled steel.

The pre-stage work related with the construction of the base has basically been completed. Experts have also finished their assessment³ report on the use of land in coastal⁴ areas and the possible effects that the construction might bring to ocean environment. The assessment report has been submitted to the State Oceanic Administration for approval, said Hu Wangming, vice⁵ general manager of Wuhan Iron and Steel Corp.

At present, the production capacity of steel companies built in the coastal areas accounts for 6.4% of the nation's total steel production capacity. When the new base is put to use, it can raise the percentage to 8%. Since the new production base will be located near a coastal region and by a deepwater port, it can take advantage of its favorable geographical⁶ location by importing mineral resources and ore reserves from abroad, especially from Southeast Asian countries, thus optimizing⁷ China's steel industry structure, said Hu.

The Fangcheng Iron and Steel Base can alleviate⁸ the steel production shortage problem in southwest and south China regions. According to Yan Kaiyong, head of the Equipment Management Department at Wuhan Iron and Steel Corp., by 2010 the demand for rolled steel will reach 62.80 million tons a year in Guangxi, Sichuan, Chongqing, Yunnan and Guizhou. However, currently, the steel production in southwest region is less than 26 million tons a year, or less than 60% of the local demand for rolled steel at present.

By building the Fangcheng Iron and Steel Base, China can effectively explore the market both at home and abroad. More importantly, the base can strengthen China's relationship with ASEAN countries. By 2010, rolled steel consumption of ASEAN countries will reach 64 million tons, while at present, the steel-making capacity in ASEAN countries only amounts to 18 million tons a year, and their steel-rolling capacity only amounts to 30 million tons, Yan said.

At the end of 2005, Wuhan Iron and Steel Corporation signed an agreement with the Guangxi State Assets Supervision⁹ Commission on jointly¹¹ setting up the Wugang-Liugang Joint¹⁰ Co., Ltd.

点击

收听单词发音

1 decided
adj.决定了的，坚决的；明显的，明确的
参考例句：
This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。 There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

2 autonomous
adj.自治的；独立的
参考例句：
They proudly declared themselves part of a new autonomous province.他们自豪地宣布成为新自治省的一部分。 This is a matter that comes within the jurisdiction of the autonomous region.这件事是属于自治区权限以内的事务。

3 assessment
n.评价；评估；对财产的估价，被估定的金额
参考例句：
This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。 What is your assessment of the situation?你对时局的看法如何？

4 coastal
adj.海岸的，沿海的，沿岸的
参考例句：
The ocean waves are slowly eating away the coastal rocks.大海的波浪慢慢地侵蚀着岸边的岩石。 This country will fortify the coastal areas.该国将加强沿海地区的防御。

5 vice
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
He guarded himself against vice.他避免染上坏习惯。 They are sunk in the depth of vice.他们堕入了罪恶的深渊。

6 geographical
adj.地理的；地区(性)的
参考例句：
The current survey will have a wider geographical spread.当前的调查将在更广泛的地域范围內进行。 These birds have a wide geographical distribution.这些鸟的地理分布很广。

7 optimizing
v.使最优化，使尽可能有效( optimize的现在分词 )；最佳化；寻优
参考例句：
This model may be classified as either an optimizing model or simulation model. 这个模型可分为最佳化模型或模拟模型。来自辞典例句 Need to design crossover operator rationally while optimizing ANN. 优化网络需要合理设计交叉算子。来自互联网

8 alleviate
v.减轻，缓和，缓解(痛苦等)
参考例句：
The doctor gave her an injection to alleviate the pain.医生给她注射以减轻疼痛。 Nothing could alleviate his distress.什么都不能减轻他的痛苦。

9 supervision
n.监督，管理
参考例句：
The work was done under my supervision.这项工作是在我的监督之下完成的。 The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

10 joint
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。 We wrote a letter in joint names.我们联名写了封信。

11 jointly
ad.联合地，共同地
参考例句：
Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。 She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。

上一篇：China and US jointly break big piracy cases 下一篇：Banks' reserve rate raised again