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The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared.
In practice, we should see this as a positive move.
The Financial Timesreported this week that Baowu Steel Group is to buy a majority stake in smaller domestic rival Magang Steel as part of the state's wider drive to close outdated capacity and merge the country's fragmented steel sector - all part of the move to improve efficiencies and control.