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Benxi

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.03 sec.
Benxi or Pen-hsi (both: bŭn-shē), city (1994 est. pop. 805,400), S Liaoning prov., China. It is an important heavy industrial center with rich iron and coal mines. Founded as a metallurgical center in 1915, it lies on the railroad from Shenyang (Mukden) to North Korea. The name sometimes appears as Pen-ch'i or Penki.
Benxi, Penchi, Penki
an industrial city in SE China, in S Liaoning province. Pop.: 967 000 (2005 est.)


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Anshan Iron & Steel Group, the second largest steel producer in China, has announced plans to merge with Benxi Iron & Steel Group.
government agency, had made low-interest loans to Benxi Iron and Steel Company of China for the purchase of modern American technology for their plants.
There was, for example, the case of a Chinese steel mill, the Benxi Iron and Steel Group, that received an $18 million Export-Import backed loan in December 2000 to buy American-made equipment only to be found a year later to be dumping steel into American markets.
 
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