China steel output

EghtesadOnline: A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global crisis in the industry.

EghtesadOnline: China's economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that is showing signs of overheating.