IN BRIEF (Page 13)

Steel capacity trimmed

China, the world's top steelmaker, closed 16.9 million tons of obsolete capacity this year as part of its efforts to ease domestic oversupply, according to Li Yizhong, minister of industry and information technology. The nation also shuttered 21.1 million tons of iron-making capacity; 800,000 tons of aluminum capacity; and 74 million tons of cement capacity, Li said.

3G investments increase