China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Eastern China’s Zhejiang province signed $5.14 bln worth of cooperation deals with Indonesia in areas such as new energy equipment manufacturing, metal material production and financial services, the provincial government said on Thursday.
The deals were reached as a delegation led by Zhejiang’s Communist Party Secretary Yi Lianhong was visiting Indonesia from Nov. 12-15, the government said in a statement.
(By Liz Lee and Ethan Wang; Editing by Kim Coghill)
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