China aluminum magnate Zhang Shiping dies aged 73

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China aluminum magnate Zhang Shiping dies aged 73
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Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world'...

FILE PHOTO: Chinese businessman Zhang Shiping attends a meeting in Beijing, China, March 5, 2014. REUTERS/Stringer/File Photo

Zhang, who in 1994 took over the predecessor company to Hongqiao, a textiles firm in eastern China’s Shandong province, branched out into aluminum in 2002. It currently has just under 6.5 million tonnes of smelting capacity, but has found further expansion in China restricted in recent years due to supply-side reform and an environmental protection campaign.

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