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)