Death and Despair in China's Rustbelt as Xi Reforms State Firms

A train engine travels on tracks in the Erdaojiang district as water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the distance in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The city's once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Phoptographer: Qilai Shen/Bloomberg via Getty Images
A train engine travels on tracks in the Erdaojiang district as water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the distance in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The city's once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Phoptographer: Qilai Shen/Bloomberg via Getty Images
Death and Despair in China's Rustbelt as Xi Reforms State Firms
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Bloomberg / Contributor
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513261378
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Bloomberg
Date created:
05 January, 2016
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CHINA TONGHUA
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