Chinese state funding in mineral exploration on the rise: FT

China is boosting state support for domestic mineral exploration in an effort to secure dominance in the resource sector amid rising competition from Western rivals, the Financial Times reported on Thursday.

According to FT’s analysis of government publications, at least half of the 34 provincial governments have given additional subsidies or expanded access to mineral exploration companies over the past year. These include top resource-producing regions such as Xinjiang, which increased...