Chinese producers want to cut production volume in order to save price dropping in this week.

China produced about 33 million metric tons of hydrogen in 2021, making it the world's largest hydrogen producer.

Amid price hikes, nation's stabilizing moves to keep production on track.

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"We should make science-based decisions and avoid a one-size-fits-all approach," he said.

More efforts will also be made to improve the performance of safety features in auto batteries and their ability to withstand low temperatures, he added.

"The (steel) market has turned optimistic about this year's infrastructure investment growth as different regions successively rolled out major construction projects as part of pro-growth efforts."