Manufacturing investment maintained a relatively high growth rate, climbing 10.4 percent year-on-year during the same period.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer.

China is set to start production of the world's largest coal-to-ethanol plant in September, which will be capable of producing over half a million metric tons of the key industrial ingredient each year, according to the Chinese Academy of Sciences.

China has established a mineral resource group with a registered capital of 20 billion yuan ($2.97 billion) in Xiongan New Area.

Centrally administered group aims to facilitate trade, better guarantee supply

:The inaugural meeting of China Mineral Resources Group Ltd was held in Beijing on Monday, a mineral resource group with a registered capital of 20 billion yuan ($2.97 billion) in Xiongan New Area, North China's Hebei province, according to Xinhua News Agency.

Iron-ore futures soared on Monday, extending a rally spurred by hopes of an economic rebound for top steel producer and consumer China in the third quarter, and support for the country's troubled property sector.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.1 million tonnes (Mt) in June 2022, a 5.9% decrease compared to June 2021.