Meanwhile, the standard has strict requirements regarding environmental protection.

Rio Tinto has committed to invest $10 million with the world's largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research, the company said.

China's high-speed railway products, tech and standards receive international acclaim.

The purchasing managers' index of China's manufacturing industry was 51.9 percent in December.

Chongqing Iron & Steel (Group)'s steel output broke through 7 million tons.

$30.6b earmarked for mixed-ownership reform, cutting-edge technology.

Fiscal spending likely to focus more on public services to improve livelihoods.

The 10 projects involve total investment of about 13.56 billion yuan and will be developed into 513,000 square meters of gross floor space.