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Xi Jinping Highlights Importance of Steel Industry and Real Economy During Visit to Bensteel Group in Liaoning

Shenyang, January 24, 2025 – The Europe Today: President Xi Jinping, General Secretary of the Communist Party of China (CPC) Central Committee, emphasized the pivotal role of the steel industry and the real economy as fundamental components of the national economy during a visit to the Bensteel Group in Benxi City, Liaoning Province, on Thursday.

During his tour of the cold rolling mill, Xi was briefed on the operation of the intelligent integrated control system at the control center. He also explored the cold rolling process, technological advancements, and product performance within the workshops. In addition, he engaged with model workers, young technicians, and staff representatives to recognize their contributions and exchange insights.

Xi lauded Bensteel, a historic enterprise in China, for its successful restructuring with Ansteel Group. This merger has revitalized the company, modernized its corporate system, and promoted industrial transformation and upgrading.

“The steel industry is an important basic industry of the country, and the real economy is the foundation of the national economy,” Xi stated. He called for continued efforts to address weak links, optimize industrial structures, and enhance the sector’s contribution to the broader goal of Chinese modernization.

The visit underscores the Chinese government’s commitment to supporting key industries, fostering technological innovation, and ensuring sustainable economic growth through industrial transformation and modernization.