Top 10 steel mills to control 60 percent of capacity by 2015: Chinese ministry

The Ministry of Industry and Information Technology announced on Tuesday it would encourage big state firms to acquire smaller rivals in a variety of industrial sectors, including automobile and machinery manufacturing as well as agriculture, metals and cement.

It said it would also seek to bring 90 percent of automobile production under the control of its top 10 firms by the end of 2015 as well as 90 percent of aluminum production capacity.

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