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China's steel industry is still oversupplied with low-end commodity-grade steel products, but is in a supply deficit for high-end products such as high strength steel. By producing more high value-added products, steel mills can increase revenue and widen margins, she said.
China's recovery, supported by increased industrial output and economic packages offered by the government, has extended a lifeline to Southeast Asia.
China's top leadership has remained aware of the arduous task they are facing. Since becoming the general secretary of the CPC Central Committee in 2012, Xi has placed poverty alleviation on top of the CPC agenda and called it "the baseline task for building a moderately prosperous society," which the country strives to achieve by 2020.
Chinese President Xi Jinping (L) meets with Gerard Larcher, president of the French Senate, in Paris, France, March 26, 2019. [Photo/Xinhua]
China's private consumption may grow at a faster pace of 6.3 percent this year, compared with 6 percent in 2019. Stronger consumption will help stabilize the labor market, release pent-up demand and support a solid expansion of the service business, the economist said.
来源：资阳报