To Fix Overproduction, China Wants to Supersize Industries

A worker sits on a barge loaded with rolls of steel cable at a stockyard in Shanghai Photograph by Qilai Shen/Panos

China aims for super big when it comes to its industrial enterprises. China’s bureaucrats announced plans this week to push mergers in nine key sectors including steel, cement, shipbuilding, autos, and aluminum, and also set targets for just how consolidated they should become.

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