[Ferro-Alloys.com] China has met its target of reducing steel output by 150 million tons two years ahead of schedule, as envisaged in the 13th Five-Year Plan (2016-20), according to the Ministry of Industry and Information Technology on Monday.

The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

Apart from boisterous producing activities, construction of new projects continued or started during the holiday across the country, injecting new impetus to China's economy.

On Feb 18, the first workday after the holiday, Anhui announced that a total of 272 projects started construction in the province, with a total investment of over 133 billion yuan, of which 45.3 billion yuan is expected to be implemented this year, according to the provincial development and reform commission.

Click here for more information: Ferrosilicon Daily Express 3.2

• [Editor:kangmingfei]