Tonghua Jilin China

Water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the distance in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The citys once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Previous attempts to privatise the enterprise have met with stiff resistance, one such attempt resulted the mob lynching and death of a private businessman who wanted to invest and streamline the operation.

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Water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the distance in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The citys once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Previous attempts to privatise the enterprise have met with stiff resistance, one such attempt resulted the mob lynching and death of a private businessman who wanted to invest and streamline the operation.