A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press

Beijing betting bigger is better as it pushes consolidation of state-owned steel plants

  • Beijing wants top 10 steel producers to have 60 per cent of overall capacity by 2020
  • Beijing encouraging mergers and acquisitions of steel companies
Topic |   China economy
A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press
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