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China's supply-side structural reform has improved the earnings of traditional companies, while firms from many new industries reported robust growth, a sign of improved economic growth, the bourse said.
China's steel industry needs to focus on quality and efficiency instead of expanding through scale and price competition, a senior official of the China Iron and Steel Association said.
China's standpoint is echoed by the EU, which noted that the US had not used this measure in almost 15 years.
Chinese Premier Li Keqiang makes an inspection tour to the General Administration of Customs in Beijing, capital of China, May 21, 2018. [Photo/Xinhua]
China's steel industry, which has been facing a rough time due to rising inventories and falling product prices due to the novel coronavirus outbreak, is expected to recover rapidly during the second quarter of this year, experts said.
来源：资阳报