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The Iron Ore Mining industry in China has experienced drastic changes in the past five years. The slowdown in China's economy, and the world economy as a whole, resulted in significant declines in iron ore demand and product price in 2009. Despite a significant increase in the volume of imported iron ore, the import value decreased by 14.9% to $56.2 billion in 2009, accounting for 50.2% of domestic demand. With the Chinese and global economies recovering in 2010, however, iron ore demand and price rose sharply. Industry revenue rebounded strongly, by 54.2% to $85.9 billion, due to surging domestic demand and iron ore price.
China is a major player in most commodities. In terms of scale and magnitude, China’s mining industry ranks third in the world, although production statistics are sketchy. Most of China’s mineral production is consumed locally by state owned enterprises or banks. The country has about 80,000 state-owned mining enterprises and 200 000 collectively owned mines.
Over the years, China has established a mining industry system with a complete range of departments including geology, production, construction, scientific research, design, equipment manufacture, management, education and training. Several of China’s current mining operations are approaching ore reserve depletion, which has resulted in the need to locate and develop existing projects. This, coupled with a desire to encourage foreign investment in several sectors of the mining industry, makes China a highly prospective country.
The twenty-first century is a age when science and technology and information develop with high speed, emerging industries appear constantly and the market competition is more and more intense. E-business develops quickly and drives the change of traditional industries, making other business scope see the new vigor and direction. Especially during the financial crisis, the retail sales online B2B and B2C won a new round of vertical segments of the high speed development, many B2C service providers won substantial risk investment, and traditional firms also have tried water, so B2C has made unprecedented development and prosperity.
As the professional manufacturer of complete sets of mining machinery, such as stone production line,Secondary cone crusher,Rock crushers,stone production line, Henan Hongxing is always doing the best in products and service.
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