Despite the winter cold, workers are busy building a large wind power project in the Shanxi city of Gujiao.

This means that renewables, which have lower individual production costs, end up having to share the price burden of more expensive fossil fuels.

The construction of a mega solar and wind power base in North China's Inner Mongolia autonomous region will further facilitate the country's low-carbon energy transition and ensure domestic energy security, industry experts said.

The 1,035-kilometer China-Laos Railway, a landmark project of the Belt and Road Initiative and a flagship project for bilateral friendship, connects landlocked Laos with China's railway networks, greatly expanding Laos' access to global markets.

Prices of key metals are likely to fall in 2023 but are still above 10-year averages, according to Fitch Ratings.

After the process is completed, Beijing-based Sinosteel will become a wholly owned subsidiary of China Baowu.

Shanxi began to operate the China-Europe freight train service in 2017, with the first train to Europe departing from Zhongding on Feb 15 that year.

Bonluck Bus is the first Chinese bus manufacturer to enter the Australian market.