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China unveiled a new guidance catalogue for industrial structure adjustment on Wednesday, as part of the country's ongoing efforts to foster high-level development, according to the country's top economic regulator.

China sustained its progress in the overall ranking, by securing the 22th spot, which makes it the first ever middle income country in the top 25 ranking, according to the GII 2017 report, published by the World Intellectual Property Organization in June.

China shipped a total of 75.43 million metric tons of steel to global markets in 2017, and the exports to the US accounted for only 1.18 million metric tons, while overall steel exports represented less than 10 percent of China's steel production, according to the National Development and Reform Commission and the General Administration of Customs.

China reported a new record low of 15 new coronavirus cases on Thursday as other countries have become epicenters of the coronavirus crisis, which the World Health Organization described as a pandemic for the first time on Wednesday.

China released mandatory safety regulations related to electric vehicles, batteries and electric buses on Tuesday, which analysts say will help improve the industry's manufacturing standards and relieve customer safety concerns.