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China's trust fund flows are shifting direction as the country keeps a tight rein on speculation and looks to raise investment in the real economy.

Chinese President Xi Jinping visits people in Liangjiahe village, Wen'anyi township of Yanchuan county, Yan'an, Northwest China's Shaanxi province, Feb 13, 2015. [Photo/Xinhua]

China's steel industry has achieved the upper goals two years ahead of schedule for cutting overcapacity set by the 13th Five-Year Plan (2016-20), reducing 150 million metric tons of crude steel capacity, and has removed 140 million tons of substandard steel capacity, according to Wang.

China's retail sales of consumer products rose by 8 percent to 41 trillion yuan last year. Due to the impact of the novel coronavirus epidemic, total retail revenue of social consumer products slipped to 7.86 trillion yuan in the first quarter, down 19 percent year-on-year, according to National Bureau of Statistics data.

Chinese Consulate General in Vladivostok has sent staff to the accident scene, it added.