The United States will invest $18 billion in the Chinese steel and metal industry in 2022, the State Department said Monday, a significant shift from the $2.3 billion spent in 2017.
The United Kingdom and France also have plans to spend $20 to $25 billion in 2022.
The Chinese steel industry employs about 12,000 workers, and has been growing rapidly, according to the U.S. government.
China also has become a leader in renewable energy and in technology, but it has struggled to diversify into other sectors.
China’s investment has also sparked concern in some quarters that Beijing is losing its economic edge and is losing influence in the world.
China’s new leader Xi Jinping is eager to show his country is on the path to economic growth and he’s seeking to diversified its economy.
China has a large steel industry but also a huge manufacturing base and a vast network of ports, ports, railways, and pipelines that can be used to carry goods from one country to another.
China has been building up its steel industry, and it has been investing heavily in the process, with more than half of the $40 billion spent on steel in 2022 coming from investments.
China is not the only nation investing in the steel industry.
The Japanese have been building steel factories and shipyards since World War II, and they have been expanding the output of steel into cars, motorcycles, aircraft, and ships.
Japan also has a steel industry with its own nuclear power plant.
In addition, China has recently been expanding its use of nuclear power to reduce carbon emissions.
The State Department’s China Investment Initiative, which focuses on the United States, is aimed at helping China to better manage its energy and infrastructure investments, according the U,S.
Government Accountability Office.
It said in a statement that the initiative would help China better align with U.N. climate change goals.
China also is trying to diversifying its economy by focusing on high-tech and innovation.
Last month, the U
