A labourer moves steel at a hot-rolling mill of the Wuhan Iron & Steel Group on the outskirts of Wuhan on August 22, 2006. Photo: Reuters
Stephen Vines
Opinion

Opinion

The View by Stephen Vines

Beijing is checkmated in its plan to curb excess industrial capacity

Making companies bigger won’t sort out the mess facing lumbering state-owned giants

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A labourer moves steel at a hot-rolling mill of the Wuhan Iron & Steel Group on the outskirts of Wuhan on August 22, 2006. Photo: Reuters
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