Control Without Ownership: How China’s Party-Business Networks Dominate Indonesia’s Mineral Supply Chains
In 2024, when Jiangsu Delong, the world’s second-largest stainless-steel producer, filed for bankruptcy, several Chinese firms and state-owned enterprises quietly absorbed its Indonesian assets. Among them was China First Heavy Industries, a state-owned enterprise founded in 1954 as one of China’s early Soviet-backed industrial projects. Today, China First Heavy Industries supplies military-grade metals to China’s military, including reactor vessels for nuclear submarines. For...
Original Source
Read the full article at Warontherocks →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.