Bloomberg with a piece on how China's ruling communist party is taking back control of steel and other industries

  • In 2017 the state's share of steel capacity increased to 67 percent from 60 percent
  • aluminium smelting saw about an equal increase,
  • coal .. government now controls 80 percent of capacity compared with about 45 percent in 2010
  • President Xi Jinping's push to curb pollution and excess capacity ... has boosted corporate profits ... But his aim for a "bigger, better and stronger" state role also means those bloated companies risk stifling private ones
  • Call it "de facto nationalization," says Jude Blanchette, China practice lead at Crumpton Group in Arlington, Virginia, and a former Conference Board researcher in Beijing.

Plenty more here at the link