Chinese Economy

ArcelorMittal, the world’s biggest steel producer, is keen to have a 25 percent stake in China’s second largest steel firm, Angang Steel, in an effort to extend its presence in that country.

In recent weeks, china has begun its strongest effort in global PR since the outbreak of the SARS disease. Government Officials and Diplomats are conducting various news conferences as well as trade and information shows on product and food safety. This is to show the world that chinese goods are high in quality and safety standards.