Chalco to Favor Bonds Over Loans as Rates Soar: China Credit

Chalco to Favor Bonds Over Loans as Rates Soar: China Credit

Xiong Weiping, chief executive officer of Aluminum Corp. of China Ltd.,(Chalco),increased spending by 36 percent to 14.6 billion yuan, adding coal mines in northern China and an iron-ore project in Guinea with partner Rio Tinto Group. Jerome Favre/Bloomberg