GraphicsJun 2, 2016 | 18:46 GMT
China's Big Steel Producers Move Overseas
But offshoring will not solve the Chinese steel industry's growing overcapacity problem at home any time soon.
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AssessmentsJun 1, 2016 | 09:15 GMT
The Story of Steel in China
As the economy slows in the wake of the real estate boom, China's massive conglomerates are looking to overseas markets with steadier prospects for growth. Recent U.S. and EU tariffs have demonstrated the risk of exporting steel. Instead, several of China's massive steel companies have decided to build on their technical expertise to eventually become full-fledged multinational enterprises, albeit enterprises with the implicit financial backing of Beijing. In the end, the offshoring will not significantly reduce steel overcapacity -- the size of the production moved overseas is too small and, ultimately, Beijing needs to target small, local producers and not conglomerates.
READ MOREGuidanceMay 21, 2016 | 21:15 GMT
Global Intelligence: Week of May 23, 2016
Setbacks for loyalists in Syria and the downing of EgyptAir Flight 804 dominated this week's events
READ MOREReflectionsMay 18, 2016 | 02:31 GMT
Pushing Chinese Steel Abroad
The Chinese government has an unusual problem: The country produces much more steel than it can actually use. A possible solution to the problem comports with the evolution of the Chinese economy. On May 17, the People's Daily citing the general manager of a Chinese investment company, reported that China was preparing to relocate 10 million metric tons (mmt) of steel production capacity to Brazil, about a third of it to be run by a consortium of China's high-end steel producers. While the words of a single investment company manager do not necessarily represent the views of the government in Beijing, the fact that the report came in the Chinese Communist Party's official mouthpiece suggests that the country's leaders are pushing for its major steel conglomerates -- some of the world's largest steelmakers -- to expand and dominate the global steel industry.
READ MOREAssessmentsJan 10, 2011 | 21:18 GMT
Consolidation in China's State-owned Business Sector
The newly established Guoxin Asset Management Corp. is another instrument through which Beijing will attempt to strengthen its grip over the country's massive state-run sector and strategic industries.
READ MOREAssessmentsApr 29, 2010 | 20:06 GMT
China Security Memo: April 29, 2010
Operating in China presents many challenges to foreign businesses. The China Security Memo analyzes and tracks newsworthy incidents throughout the country over the past week.
READ MOREAssessmentsDec 24, 2009 | 14:24 GMT
China: Lessons Not Learned in Iron-Ore Talks
Beijing has not come to terms with the Chinese steel industry’s growing dependence on outside sources of raw material.
READ MOREAssessmentsJul 14, 2009 | 17:25 GMT
China, Australia: The Espionage Case Continues
China's effort to regain control of its economy is a primary factor in the espionage case.
READ MOREAssessmentsMay 8, 2008 | 16:35 GMT
China: The New Aviation Company Emerges
China's long-awaited new aircraft manufacturing company is about to be unveiled, and its formation represents a classic example of an internal Chinese power struggle.
READ MOREAssessmentsJan 28, 2008 | 16:50 GMT
China: The New Aviation Company's Owners
Chinese media reported on the ownership structure of China's new aviation company.
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