Curious in a country drowning in production overcapacity, Beijing gives the green light for...

|By:, SA News Editor

Curious in a country drowning in production overcapacity, Beijing gives the green light for Baosteel Group to build a 10M ton/year steel project in Guangdong province. Trying to stimulate growth, the government has indicated it will fast-track a number of other investment projects this year (Baosteel submitted this one for approval in 2008).