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China's top securities regulator said on Wednesday that it will maintain a regular pace of approving initial public offerings to help companies raise funds and allow the capital market to better serve the economy.

China's steel consumption is expected to hit a record in 2019, and this would then be followed by a slight decline in demand in 2020, a new report by the China Metallurgical Industry Planning and Research Institute released on Thursday said. The report added that the country's crude steel output is also expected to fall in 2020 from 2019.

China's top health authority has been watching people's health in relation to air pollution since 2013, said Mao Qun'an, spokesman for the National Health and Family Planning Commission.

China's policymakers have rolled out a raft of measures to cushion the COVID-19 shock. In addition to pumping liquidity into the market and cutting interest rate, China's central bank announced a decision last week to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.

China, as a proponent of the international trading system, opposes protectionism. Through free trade agreements, it can not only integrate into the global economy, but also stimulate market reform at home. There is no reason why the UK, as a sovereign state once more, should not be China's natural partner going forward.