China is taking advantage of the global economic crisis to
restructure its mining industry. A 4 trillion renminbi (US$586
billion) stimulus plan, announced late last year, encompasses
sector-specific reform measures put forward by the National Development
and Reform Commission, the state macroeconomic planning agency.
Since May, the Ministries of Finance and of Industry and Information
Technology have implemented more detailed regulatory measures
to consolidate large and mid-tier players, and to squeeze out
smaller firms....
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