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China's steel industry is entering a new development phase of slower output growth but higher quality, industry experts said.

China's recently announced financial opening-up policies and the continuous support from local partners, such as China Export & Credit Insurance Corp, have facilitated the launch of the Shanghai office, he said.

Chinese President Xi Jinping, in a video speech at the China International Import Expo (CIIE) in Shanghai on Wednesday, called on all countries to safeguard the multilateral trading system, improve the rules of global economic governance, and build an open world economy.

China-EU trains transported a greater variety of goods this year, the customs said, adding there were more than 200 categories of items, from electronic products and daily necessities to fresh food and mechanical products. Among them, many were indigenous products from Xinjiang.

China-Europe freight trains, designed to boost land connectivity between China and the continent, have bucked the transport trend amid the COVID-19 epidemic thanks to their cost-effectiveness and reliability.