Aussie firm plans RM1bil plant in Sarawak

In China, an enterprise with annual revenue of more than 20 million yuan ($2.99 million) is deemed relatively large.

Erected on seawater, an array of photovoltaic panels glow in the sun while fishermen paddle between them.

Energy efficiency in sectors including iron and steel, petrochemicals, non-ferrous metals and building materials will have reached an internationally advanced level by then, according to the plan.

SOEs' construction of residences, roads, grids seen speeding up development

Erected on sea water, arrays of photovoltaic panels glow in the sun while fishers paddle in the interspace.

In the week ending on July 2, 2022, domestic raw steel production was 1,767,000 net tons while the capability utilization rate was 80.9 percent.

Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China.