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China's around 500 steel companies produced 808 million tons of crude steel last year, but the output of the 10 largest steel groups accounted for only 35.9 percent of the total, showing a low industrial concentration.

China will focus on quality in the joint pursuit of the Belt and Road Initiative, firmly safeguard the multilateral trading regime and actively participate in the reform of the World Trade Organization, said the report.

China's FDI into European countries involved in the B&R region grew from less than billion in 2015 to more than billion last year.

China's No 2 smartphone maker Xiaomi Corp raised about billion from a combined top-up placement and a convertible bond sale last week, Hong Kong's largest such deal on record. Pop Mart International, a Beijing-based trendy toy maker, saw its shares rise by as much as 100 percent during its debut on Dec 12.

China will improve the supply of commercial insurance products for people aged 60 years and above by stepping up research and product innovation in this field. [Photo/IC]