In addition, more railway lines were opened and more investment was made in railway construction to help stabilize the economy.

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The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

The industrial profit data covers large firms with annual revenues of at least 20 million yuan from their main operations.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.

Lian also introduced development situations of Hebei during the conference.

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