Forbes Has Special Interview with Madam Xie

Forbes had a special interview with Xie Qihua, chairwoman and president of Shanghai Baosteel Group Corporation yesterday morning, in which Xie expressed her confidence in Baosteel's future. development. She said that along with China's booming economy, Baosteel will sustain its growth in the next few years as some of its major ongoing development projects, namely the "tenth five-year plan" projects of Baoshan Iron and Steel Co., Ltd., the stainless steel projects of Baosteel No.

1 Steel and the special steel projects of Baosteel No.5 Steel, are expected to be completed and put into operation. Xie also answered questions about such things as the new round of investment fever in China's steel industry, Baosteel's development strategy, Baosteel's major partners, Baosteel's moves to improve its international competitiveness, the participation of the non-state sector and international steel enterprises in China's domestic and international steel market.

She also analyzed the development trend of the world steel industry. Baosteel's practice of benchmarking is just an effective method to catch up with and surpass the most advanced steel makers in the world. Baosteel's strategic aim is to become a multinational company possessing independent intellectual property rights and a.

strong international competitive position, she noted. She expressed strong confidence in Baosteel realizing its strategic goals.