Chinas ferrous metal industry sees investments drop
Investments in mining, melting and processing in Chinas ferrous metal industry during the first two months of 2005 amounted to RMB 16 billion ($1.93 billion), representing a 9% drop year-on-year. In other areas, investments in coal mining and processing rose 148.7% to RMB 3.1 billion ($375 million). Investments in oil, coking and nuclear fuel processing climbed 46.1% to RMB 2.8 billion ($338 million). Electricity, gas and water generation and supply investments rose 59.5% to RMB 47.5 billion ($5.74 billion).