Authorities also said they will enhance efforts to clean up the environment.

In December, 2020, China produced 91.2521 million tons of crude steel, a year-on-year increase of 7.75%

From January to December, China produced 1053 million tons of crude steel, with a year-on-year growth of 5.16%.

Aslan pointed out that the industry could not accomplish most of the planned activities and projects last year due to the pandemic.

Local officials and business executives say following guidelines of the Fifth Plenary Session will lead to high-quality growth.

China has sent a strong signal that it will ramp up efforts to curb carbon emissions with a vow to include climate impact in the nation's environmental impact assessment.

Its main imports from Australia last year included iron ore and natural gas, which took up 70.6 percent of the total Chinese imports from Australia.

The Ministry of Ecology and Environment issued a regulation on carbon emissions trading, along with an allocation plan for emissions quotas on Jan 5. The regulation and the plan will take effect on Feb 1.