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

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

Lian also introduced development situations of Hebei during the conference.

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

Overseas players grasp opportunities from dual goals, enhance local ties, R&D.

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

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The world stainless association released figures for the first half year of 2022 showing that stainless steel melt shop production decreased by 3.5% year–on–year to 29.0 million metric tons.