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Chinese Steel Makers Diversifying to Pigs not so Silly After All

As the mining boom has played a pivotal role in Australia’s current economic situation, it is not surprising that the majority of business headlines are dominated by information and debates about the mining industry particularly iron ore. Not too long ago you may have come across headlines about a state owned Chinese steel maker called Wuhan Iron & Steel corp. diversifying to pig farming. Perhaps a bit amusing at first until you realize the seriousness of the decision and the plausible rationals.

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