2011 is the first year of the 12th Five -year PlanPeriod for China and the starting year of a new decade of the new century for everybody. We are standing on a new historical point when we should take stock of the past and look into the future. I would like to take this opportunity to make a brief introduction to the development of China's steel industry in the past five years, and the prospects for the next five years. In the last five years of the 11th Five -year Plan Period, driven by strong market demand, China's crude steel production grew rapidly exceeding 400 million tons in 2006, 500 million tons in 2008 and 600 million tons in 2010. On average, there was an annual increase of 12% or 54.17 million tons of crude steel production on average. Also in this five-years, China became a net steel exporter. We are proud that the steel industry has made great contribution to the development of the Chinese economy and in particular sustaining the economic growth after the financial crisis.
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