China's COFCO to reidentify Zhongyuan as financial arm

Beijing-headquartered China Oil & Foodstuffs Corporation (COFCO), China's top importer of agricultural products but also in steel and metallurgical products trading, will turn its recently-acquired Zhongyuan Special Steel into an investment and fund management arm via asset swaps, according to a Zho

Yongxing Special Steel's 250,000 t/y plant to run soon

Yongxing Special Stainless Steel Company, a leading specialty steel producer headquartered in Huzhou city, East China's Zhejiang province, has completed its 250,000 tonnes/year plant for making high-end stainless steel alloy bars, a company official said on March 9, confirming that trial production

China's COFCO to take over Zhongyuan Special Steel

COFCO, China's top trading house of agri-products including grain, oil, and cotton, will take over a controlling 67.42% stake in Zhongyuan Special Steel Co from its existing shareholder - China South Industries Group Co (CSGC), a COFCO official confirmed on February 1.

China becomes top trade partner of 16 Asian countries

China has become the top trading partner to 16 out of the 25 Asian countries and has deepened its financial and economic cooperation with Asian countries, according to an annual report of Ministry of Commerce (MoC) released on January 11, which is partly thanks to China's "Belt and Road Initiative",