The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 541.09 points on Tuesday, up 0.05 percent compared with the previous working day.

Profits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday.

"As one of the first national demonstration cities for 5G, Urumqi has provided a primary ecosystem for the commercialization of the network," Yasen said.

UK's Chancellor of the Exchequer Rishi Sunak has authorized a bailout plan to rescue companies that are seen as strategically important.

The 2009 ferrosilicon contract price on ZCE closed at 5746 yuan per ton on May 28.

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