Shanxi Wenshui Haiwei Zengxin Iron and Steel Co., Ltd. is a comprehensive iron and steel enterprise integrating ironmaking, steelmaking, cement and power generation. Since 2005, it has been ranked among the top 100 taxpayers of private enterprises in China for three consecutive years, and its ranking and tax payment have maintained an upward trend year by year, from 9 1 in 2005, the tax payment was 38.59 million yuan, and it rose to 5.99 billion yuan in 2007. When Haiwei people were still looking forward to by going up one flight of stairs in 2008, they were "hurt" by the ruthless financial turmoil. At present, Haiwei has been forced to close most of the production lines.
Haiwei's financial contribution to Wenshui County is close to 1/3. Its suspension of production not only reduced the government's fiscal revenue by nearly 60 million yuan, but more importantly, the county added nearly 4,000 unemployed people out of thin air.