China clarified eligibility for chip companies seeking tax incentives in a move aimed at preventing abuse after many firms jumped in looking for quick profit gains.
China's Ministry of Industry and Information Technology said on Friday it aims to develop 15 electronic component producers with revenues in excess of 10 billion yuan ($1.6 billion) by 2023.
China-Australia relations: breaking free of dependency on Australian iron ore would take years, but where is China looking?
China has interests in overseas mines with tonnes of iron ore reserves, yet most of it remains inaccessible amid bureaucratic wrangling and limited capital
Using more scrap steel is also an option for diversifying China’s iron ore supply, but this too is not without its hurdles and limitations