China: Low-carbon steel becomes top priority
As China pursues cleaner, low-carbon and more efficient steel sector development, analysts expect multinational companies will carry out deeper and higher-quality cooperation in the Chinese market this year despite the impact of the COVID-19 pandemic.
“China has led the global demand recovery in 2020, while overseas demand was hurt by COVID-19,” said Zhu Yi, a senior analyst for metals and mining at Bloomberg Intelligence.
“Exports from China could increase this year as overseas demand recovers, thus boosting China’s output of metals and imports of raw materials from overseas miners such as Rio Tinto, BHP and Vale,” Zhu said.
Consumption, healthy SMEs vital for 2021 growth By ZHANG YUE | China Daily | Updated: 2021-02-04 08:56 Share CLOSE Technicians work at a small company that makes teaching equipment in Cangzhou, Hebei province. FU XINCHUN/FOR CHINA DAILY
China s growth prospects for this year will hinge largely on the continuation of policies to boost consumption and the better recovery of small and medium-sized enterprises, experts said.
Chen Changsheng, director-general of the department of macroeconomic research at the Development Research Center of the State Council, said in a recent interview that China could achieve its economic growth targets for last year due to the prompt actions taken to contain the COVID-19 pandemic and its market-friendly policies.