China to close more steel capacity, though still small fraction

(Reuters) - China has raised its target to close outdated steel smelting capacity to 28.7 million tons in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries.

Auto sales in China see double-digit growth

BEIJING: After virtual stagnation for the last two years, vehicle sales in China rose 13.87 per cent in 2013 from a year earlier to 21.98 million units bringing cheer to the auto industry.