This means that renewables, which have lower individual production costs, end up having to share the price burden of more expensive fossil fuels.

The construction of a mega solar and wind power base in North China's Inner Mongolia autonomous region will further facilitate the country's low-carbon energy transition and ensure domestic energy security, industry experts said.

The 1,035-kilometer China-Laos Railway, a landmark project of the Belt and Road Initiative and a flagship project for bilateral friendship, connects landlocked Laos with China's railway networks, greatly expanding Laos' access to global markets.

Liaoning province in Northeast China saw a major onshore wind power project connect to the state grid and go into operation on Saturday.

Experts highlight role of govt plan in bringing upgrades in traditional, clean energy sectors.

Despite the winter cold, workers are busy building a large wind power project in the Shanxi city of Gujiao.

Prices of key metals are likely to fall in 2023 but are still above 10-year averages, according to Fitch Ratings.

After the process is completed, Beijing-based Sinosteel will become a wholly owned subsidiary of China Baowu.