The steel manufacturing sector in China is one of the highest importance and a significant source of profits, as the related products are mostly directed to international markets. Starting from the importance of this sector, the Chinese authorities decided to boost this field with a series of measures like special funds dedicated for promoting the mergers and acquisitions in the steel industry. China plays a major role in the worldwide financial market and there are numerous investors thriving in this country. If you are interested in opening a WFOE in China, we invite you to talk to our specialists in company formation in China and ask for support.