China economy: Beijing creates central iron ore buyer to gain market control - The Australian Financial Review

The state-backed iron ore company is Beijing’s biggest effort yet to tackle what officials have long argued is the excessive pricing power wielded by big miners.

The establishment of the company marks Chinas biggest effort yet to tackle what its officials have long argued is the excessive pricing power wielded by miners including BHP and Rio Tinto. China spen… [+2448 chars]

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