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China is widely regarded as the "powerhouse of manufacturing" or "the factory of the world". [63] Of the world's 500 largest companies , 142 are headquartered in China. [ 64 ] It has four of the world's top ten most competitive financial centers [ 65 ] and three of the world's ten largest stock exchanges (both by market capitalization and by ...
Direct reduction. New Zealand Steel steel complex, fed by direct reduction rotary furnaces (SL/RN process) [1] (capacity 650,000 t/year). [2] In the iron and steel industry, direct reduction is a set of processes for obtaining iron from iron ore, by reducing iron oxides without melting the metal. The resulting product is pre-reduced iron ore.
In the specific area of direct cash payments from 2022 to 2031, the Joint Committee on Taxation forecast that of the Section 45X advanced manufacturing credit's total cost of $30.6 billion, direct cash payments would make up $14.7 billion. Of the $30 billion Section 45U nuclear power credit, [94] direct pay would make up $14.4 billion. Of the ...
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