During the period, Hebei's trade with countries along the Belt and Road increased 22.4 percent to 122.44 billion yuan.

ERG has long considered ESG a priority in the group's operations and rolled out such a strategy in 2021.

The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.

Driven by innovation, the stainless steel industry in Ningde, southeast China's Fujian Province, has grown significantly in recent years.

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.

"The importance of coal-generated electricity for Germany's energy supply has continued to grow," Destatis said.

Companies and consumers in the Netherlands are using less natural gas and turning to coal and renewable energy sources as the country,.