Senior managers at four Chinese steel mills, including Beijing Shougang (000959.SZ), Angang Steel (000898.SZ), Hebei Iron & Steel Group and Shandong Iron & Steel Group, have said they will cut production by 20% this year, the Securities Times reported. Bohai Securities steel analyst Ma Tao said the scaleback “could be due to fewer orders”...

China’s consumer price index (CPI) will edge back to 2-3% early next year if food prices, which make up one-third of the CPI basket, do not rebound, JPMorgan Chase & Co China chairman Gong Fangxiong told a press conference organized to discuss China’s macroeconomic performance, the Shanghai Securities News reported. Gong also predicted China ...