China Picks State Firm to Help Coordinate Mining Deals Abroad

AI Summary

China has appointed a new state investment firm to coordinate its overseas metals and mining acquisitions in response to increasing geopolitical risks that threaten resource security. This move aims to streamline China's global mining deals and safeguard critical materials.

China has chosen a new state investment company to help coordinate its overseas metals and mining deals, and counter mounting geopolitical risks that threaten its ability to secure resources, according to people familiar with the matter.