Jointly built by the zone and Xidian University, the valley aims to become an innovation and technological hub in western China.

China is seeing signs of economic recovery amid its fight against the novel coronavirus pneumonia outbreak, according to the country's top economic regulator.

Beijing Customs said Thursday that its imports and exports in the first quarter of this year totaled 625.42 billion yuan (about $88.34 billion), down 6.2 percent from the same period last year.

New home sales are recovering faster than expected in China.

China is expected to see its weakened demand for steel forge a strong recovery in the second quarter as the country's infrastructure investment and production resumption gains more momentum, the China Iron and Steel Association (CISA) said Wednesday.

China steel sector slows growth due to coronavirus outbreak.

Continued supply tightness of ferrous scrap and higher overseas demand for Turkish rebar has limited the immediate-term downside for Turkish imported scrap prices despite a fall in local rebar demand in Turkey this week.

Covid-19-related shutdowns of automotive plants across North America could cost US automakers at least 900,000 vehicle sales this year, reducing steel demand, according to industry estimates.