China selects state-owned firm to coordinate overseas mining deals, Bloomberg reports

China has selected a state-owned enterprise to coordinate mining deals abroad. The decision was reported by Bloomberg. The firm will act as a liaison for Chinese companies seeking foreign mining assets. Officials indicated the aim is to improve coordination of such transactions. The move is part of China’s broader effort to secure raw material supplies. Industry observers expect the coordination role could affect future investment flows. The selection may influence how Chinese firms negotiate abroad. Further details on the firm’s mandate are expected in coming weeks.