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BEIJING - China Iron and Steel Association (CISA) has warned about the rapid growth of crude steel output over fears of renewed oversupply.

Authorities in Guangdong province, an economic juggernaut in South China, will accelerate a special plan to develop the Guangdong-Hong Kong-Macao Greater Bay Area and provide firm policy support and fresh opportunities for the 11-city cluster, according to a senior provincial government official.

Azevedo hailed China's opening-up as "a positive decision" and the accession of China to the WTO in 2001 as "a landmark," because the opening-up of the Chinese economy in terms of lowering tariffs and reforming legislations and policies led to "a more open and integrated China" that "benefited the Chinese economy, (and) the Chinese people as a whole."

Automobile plant staff assemble an engine at a factory in Weifang, Shandong province. Charles-Edouard Bouee said he believes the automotive industry will be among those whose business model will change due to AI. [Photo by Wang Jilin/For China Daily]

Australia's banking industry said it is willing to offer financial assistance to affected farmers.