- China Sees More Steel Capacity Growth
China's huge economic stimulus package has encouraged steel mills to step up expanding capacity, Xu Lejiang said, and noted that overcapacity is structural.
- Chinalco Takes up Rio Tinto Rights Offer
Based on the current share price, Chinalco needs to invest more than US$1.4 billion in order to maintain its 12 percent stake in the London-listed Rio Tinto Plc stock.
- China to Expand Direct Power Supply Trial
A specific regulation on transmission fees will take effect in the second half of this year, which will integrate various direct-sale measures initiated by local governments.