Tues­day

Septem­ber 20

China Daily (USA) - - NEWS CAPSULE -

Baos­teel to merge with Wuhan Iron & Steel

Two of China's big­gest steel­mak­ers agreed to merge, mov­ing a step closer to a union that would cre­ate the world's sec­ond­biggest mill. The plan is part of the gov­ern­ment's push to con­sol­i­date the steel in­dus­try to com­bat over ca­pac­ity.

The pub­licly traded arm of Shang­hai Baos­teel Group Corp, China's largest steel com­pany, will swap shares with the listed unit of Wuhan Iron & Steel Group Corp, China's sixth-largest steel­maker, the smaller com­pany said in a state­ment. The par­ent firms re­main in talks about re­struc­tur­ing, Wuhan Iron & Steel said, with­out elab­o­rat­ing.

Baos­teel is in the Yangtze Delta Re­gion, the Pearl River Delta Re­gion and the Xin­jiang Uygur au­ton­o­mous re­gion. Wuhan Iron and Steel has its ma­jor bases in Hubei and Yun­nan prov­inces, and the Guangxi Zhuang au­ton­o­mous re­gion. (Photo 1)

Hi-tech to block chil­dren from in­ter­net cafes

East China’s Jiangxi prov­ince has started to in­stall fa­cial recog­ni­tion tech­nol­ogy in in­ter­net cafes across the prov­ince to stop chil­dren from en­ter­ing, thepaper.cn re­ported.

The on­line real name reg­is­tra­tion sys­tem, which is also be­ing in­stalled, will help trace the au­then­tic­ity of the users’ IDs.

Once a child logs on to one of the more than 5,000 mon­i­tored in­ter­net cafes, the sys­tem will im­me­di­ately re­port it to the au­thor­i­ties and re­tain ev­i­dence.

China banned in­ter­net cafes from al­low­ing any­one be­low the age of 18 in 2002 and ev­ery cus­tomer was re­quired to show ID be­fore en­ter­ing the cafes.

The sys­tem aims to use tech­nol­ogy rather than hu­man check­ing to im­ple­ment the reg­u­la­tion. It is ex­pected to fin­ish in­stal­la­tion be­fore the end of Oc­to­ber and fin­ish trial runs be­fore the end of Novem­ber. (Photo 2)

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.