China will slow its booming metals sector and encourage producers to invest in mining to scale back its need for high-priced raw material imports, Reuters reported, citing Xiao Chunquan, a director at the State Development and Reform Commission. Xiao said China's fast-growing metals demand has raised the global prices of raw materials, making imports more expensive. Xiao said Beijing would implement preferential policies to help domestic companies explore resources overseas.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved