In December, 2020, China produced 91.2521 million tons of crude steel, a year-on-year increase of 7.75%

Authorities also said they will enhance efforts to clean up the environment.

The new guideline is part of efforts to align governance of climate change with environmental conservation.

According to the latest data, China and South Korea will account for 48.8% and 41.4% of the world's new vessels orders in 2020.

Local officials and business executives say following guidelines of the Fifth Plenary Session will lead to high-quality growth.

Aslan pointed out that the industry could not accomplish most of the planned activities and projects last year due to the pandemic.

Its main imports from Australia last year included iron ore and natural gas, which took up 70.6 percent of the total Chinese imports from Australia.

The Ministry of Ecology and Environment issued a regulation on carbon emissions trading, along with an allocation plan for emissions quotas on Jan 5. The regulation and the plan will take effect on Feb 1.