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.

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.

Tharisa Capital to invest US$391m in Karo mine

Never mind the Saudis: Here's a new OPEC for EV battery metals

China's customs data showed that China's calcium metal exports in September 2022 reached 1364.619 tons

China's industrial profits down 2.3% in first nine months