Most of the capital goods monitored by the Chinese government posted lower prices in early September compared with late August this year, official data showed Wednesday.

ERG has long considered ESG a priority in the group's operations and rolled out such a strategy in 2021.

During the period, Hebei's trade with countries along the Belt and Road increased 22.4 percent to 122.44 billion yuan.

"The importance of coal-generated electricity for Germany's energy supply has continued to grow," Destatis said.

The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

Driven by innovation, the stainless steel industry in Ningde, southeast China's Fujian Province, has grown significantly in recent years.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.