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

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).
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  • woop
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    Supposedly, the approved 10M ton/year new facility will replace some older facilities totalling 16M ton/year, as part of the country's plan to upgrade steel mills to reduce pollution. The caveat is whether it will all work according to the original good intention...
    25 May 2012, 02:18 PM Reply Like
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