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05 Nov
00:00

China may relax foreign investment rules for steel

China’s National Development and Reform Commission has asked for feedback on a proposal to reduce the number of industries with restrictions on foreign ownership from 44 to 32. This raises the possibility of foreign ownership of Chinese steelmaking capacity, Kallanish observes. The reform is part of attempts to use foreign investment to reduce overcapacity and improve efficiency of state-owned enterprises in key sectors. The Chinese steel industry alre…
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