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China vowed to maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level, according to a statement issued after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee in July.

China welcomes the consensuses forged at the Forum and hopes that moving forward, the members will further strengthen information sharing and cooperation to steer the steel industry, Li said.

China plans to further promote its opening-up this year by granting more access to foreign investors in a number of sectors and eliminating joint-venture requirements, according to the nation's top economic regulator

China started to impose anti-dumping duties ranged between 13 percent and 14.1 percent on imported alloy-steel seamless pipes from those regions in 2014 on the grounds that the products were being dumped on the Chinese market at below market prices.

China supports Chile in hosting the Asia-Pacific Economic Cooperation Economic Leaders' Meeting in November, and the United Nations Climate Change Conference in December, and in playing a bigger role in promoting regional integration, Wang said.