China Invests In PIGS

No, not Portugal, Ireland, Greece and Spain. I mean real PIGS. This from the FT: As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs. Faced with a bleak outlook for its core business, Wuhan Iron & Steel, China’s fourth-largest by production, is investing Rbm30bn ($4.7bn) over the next five years in non-steel sectors including pig, fish and organic vegetable farming as well as logistics and chemicals. Wuhan’s pig farm has quickly become the talk of the industry, but many of China’s powerful steel...

No, not Portugal, Ireland, Greece and Spain. I mean real PIGS. This from the FT:

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