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Chen added that the PBOC will support and encourage green finance products and service innovation in the pilot zones. Short-term green investment projects can rely on credit, and medium and long-term ones with steady cash flow can consider issuing bonds, he said.
Chen added that if the growth of China's steel output slows down or decreases, the demand for iron ore will become weaker and the steel industry's profitability will be improved.
Cheng Zhiwei, a business professor at Nankai University in Tianjin, said as BiTMICRO's complaint involved many major companies in the world including those US manufacturers, the US government will handle it carefully and it will put pressure on US policymakers to respond to the complaint.
Chengdu bears the fruit of the successful "western development" strategy the city embarked upon 20 years ago. It's well-established industrial base and extensive new high-tech build-up secures the city in first place among the first- and second-tier cities in the Milken Institute's fifth edition of its annual Best-Performing Cities China report, which was released on Wednesday at the Yale Center in Beijing.
Chengdu, the "Land of Abundance" in Sichuan province, is China's best-performing city in 2019, according to the Milken Institute.
来源：资阳报