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BEIJING, March 13 (Xinhua) -- China's listed iron and steel producers have posted strong profits for 2017 as the country's production capacity cuts reduced outdated supply and led to rising steel prices.

Chinese Premier Li Keqiang also sent a message to his Russian counterpart Dmitry Medvedev to express condolences over the fire.

According to Hua, the second ministerial meeting for the China and the Community of Latin American and Caribbean States Forum held last month passed three outcome documents, which showed a high degree of consensus by Latin American countries on deepening cooperation with China.

This tit-for-tat scenario poses a risk for global trade, he said, with the global stock markets as an example, which have plunged since Thursday in response to the growing economic policy uncertainty.

He said that there were elements in China that the West doesn't like, adding "we need to draw attention to those but we need to be clear that's not China".