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16 Dec
09:48

Minmetals-MCC raises more reform questions than it answers

China’s announcement last week that China Minmetals was taking over China Metallurgical Group Corporation (MCC) creates a giant with revenues of over CNY 300 billion ($46.3 billion) in the first nine months of 2015. The merger should give insight into the direction of China’s reform of state-owned enterprises (SOE) but a lack of detail leaves many questions unanswered, Kallanish notes. The merger of China’s largest metallurgical engineering com…
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