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

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

From January to December, China produced 1053 million tons of crude steel, with a year-on-year growth of 5.16%.

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.

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.

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.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

China's coal imports bounced back in December as domestic demand for the fuel surged during the harsh early winter.