Du Shuanghua History: From Sales to Development of Rizhao Steel in China

Du Shuanghua, one of China’s leading businessmen in steel industry, was born in 1945. He studied at Beijing University and then the London School of Economics. In 1971 he joined Rizhao Steel Company as a worker and just ten years later became its general manager. Du Shuanghua led the company to become the fifth largest steel producer in China by 2010 when it was taken over by Baosteel Group for $6 billion dollars.

Today, Du Shuanghua is the chairman of Baosteel Group and one of China’s richest men with a net worth of $8.8 billion dollars. He has been listed as one of the world’s top fifty businessmen by Forbes magazine and is known for his aggressive business tactics and his focus on efficiency and cost-cutting. Under Du Shuanghua’s leadership, Baosteel Group has become one of the most profitable steel companies in the world.

With his wealth and experience, Du Shuanghua is now looking to invest in other industries and expand his business empire beyond steel. In February 2016 he announced plans to invest $2.5 billion in an iron ore processing plant in Liberia. The facility will be built by Beijing-based Zijin Mining Group, which Du Shuanghua chairs.

It is not just his business dealings that have brought Du Shuanghua to the attention of the Chinese government and its leaders. His political views are also closely watched. In 2014 he publicly backed the Chinese government’s controversial policy of “One Country, Two Systems” for Hong Kong and he has also spoken out in support of the massive investment that China is making in Africa.

Du Shuanghua is a self-made man who has reached the top of China’s business world through hard work and determination. He is a role model for other Chinese businessmen and his story is an inspiration to anyone who wants to achieve success in life.

Get in touch with Du Shuanghua here: https://www.topionetworks.com/people/du-shuanghua-619fb54c78e0023848937ea4