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China has been striving to close small mills that churn out low-quality steel made from scrap metal, this year, leading to decreased supply.
China has been keen to deepen trade ties with countries and regions participating in the Belt and Road Initiative. The country will seek to build new and upgraded transportation networks in addition to supplying bullet trains to countries in Asia, Africa and Europe.
China has lifted more than 68 million people out of poverty over the past five years and is determined to help another 30 million rise from destitution before the end of 2020, Xinhua News Agency reported.
China has decided to stimulate domestic consumption in automobiles, household appliances, online shopping and other sectors, which is expected to keep the economy stable in the wake of downward economic pressure the country started to face last year.
China banned US beef in 2003 after a case of bovine spongiform encephalopathy, or mad cow disease, in Washington state. Since the ban was introduced, China has experienced a beef boom.
来源：资阳报