and billionaire lakshmi -- billionaire lakshmi mittal says china needs consolidation. he runs the world's largest till company. i would assume he would like to play a much bigger role. tried tors back, he buy a non-state-owned steel mill. but that was rejected. investment or a venture with hunan. but there is a ban on overseas control that was imposed in 2005. it has been in place for five years now and we are starting to get perhaps indication that that could be relaxed. thesee big thing is steelmakers up in the north mostly, many of them are state-owned. but they are big employers. so those are political issues. allowing foreign industry to take control of strategic industries like steel would have to have a lot of clinical mandates. >> all right, stephen engle, our man in beijing. coming up next, the chinese president says china has to find a new way to produce and consume fuels if it wants to ensure its long-term security. we are going to discuss how this could change things for china after the break. china.s start off with anything of particular interest? >> the s