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China Baowu's crude steel capacity accounted for only 7.9 percent of China's total in 2016, while Pohang Iron and Steel Co in South Korea produced 37.5 million tons last year, accounting for 54.6 percent of the country's total and Japan's Nippon Steel & Sumitomo Metal Co took 44.1 percent, data from Lange Steel Information Center show.
Chief executives from the Hong Kong and Macao SARs welcomed the outline.
China Baowu was formed in December 2016 following the merger of Shanghai-based Baosteel Group and Wuhan Iron & Steel Group in Central China's Hubei province. It is the nation's most competitive steel maker with production of 95.46 million tons in 2019.
Chen made the remarks at a three-day forum of the Third Mediterranean Dialogues that concluded Saturday. He shared with an audience of some 500 participants from different countries and regions the topic of how to promote "Belt and Road" construction projects for a more prosperous Mediterranean region.
Chiba Prefecture has confirmed 387 cases, Hyogo 316 and Aichi, which declared its own state of emergency Friday, independent from the central government, has recorded 302 cases, the latest figures showed.
来源：资阳报