Research and Markets Chinese Metal Industry Examined



March 17, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c13994) has announced the addition of China Metal Industry (2004) to their offering.

China will further encourage foreign businesses to invest in developing the country's mineral resources and promote the exchange of domestic and foreign resources, capital, information, technologies and markets on the basis of mutual benefit.

China began to open its oil industry to the outside world in 1982 by using foreign capital and technology to prospect and exploit oil and gas resources. As a result, the range of exploitation has been extended, and the output of crude oil has risen by big margins.

China issued three major policies in 1999, 2000 and 2002, making it clear that the government will give greater financial support to foreign investors. It encourages overseas companies to make technical innovations, increase domestic urchases and invest in the central and western egions. The government will also improve the anagement and services for foreign-funded firms.

As for other mineral resources, China issued a ajor policy on encouraging foreign investment in exploring and exploiting these minerals in October 2000. It opens the prospecting and mining rights market further to foreign companies, as they are allowed to set up wholly owned subsidiaries to start to prospect these resources, besides teaming up with Chinese partners.

In the future, China will pay more attention to introducing technology, management knowledge and talents from overseas into the mineral sector, instead of focusing only on luring foreign capital, it said. The country will also encourage foreign firms to invest in the service and trading segments of mineral sector, while in the past foreign investors are welcomed only to the prospecting and mining segments.

The government will abolish administrative regulations and rules that are incompatible with WTO rules.

These newsletters will give readers an outline of the development trends in these industries and markets.

Topics covered include:
- Tax return removal to hit aluminium sector
- Export tax on metals
- Steel sector to open up further
- Zhongfu Industry to raise aluminum output
- CNMC to explore Malaysian mines    
- Luxembourg, China agree to enhance economic ties
- China Minmetals sees aluminium output slowing down next year    
- Gold sector witnesses big profit rise
- China copper demand to remain very strong    
- Australia to raise iron ore supply to China    
- BHP Gears up Iron Ore Supply to China
- Five Mills Closured in Tangshan for Breaking Environmental Protection Law
- HeBei Province Reducing Steel Output 7 million tons
- China Minetals to forge partnership with Chilean giant    
- Tata Steel to Enter China and Southeast Asia Through M&A    
- Great Breakthrough on Mining Industry in Yunnan    
- Baosteel eyes giant of 50mln tons production capacity by 2010    
- Baosteel to issue 5 billion shares

For more information visit http://www.researchandmarkets.com/reports/c13994

Laura Wood
Senior Manager
Research and Markets
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Research and Markets Chinese Metal Industry Examined