The province also saw a growth in the import of agricultural products, iron ore, mechanical and electronic products, and sawn timber.

Coal made up the bulk of that cargo — about 1.1 billion tons — up 17 percent year-on-year.

By 2025, the country will have about 50,000 hydrogen fuel-cell vehicles and its annual hydrogen production from renewable energy will reach 100,000 to 200,000 tons.

In addition, more railway lines were opened and more investment was made in railway construction to help stabilize the economy.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.

Overseas players grasp opportunities from dual goals, enhance local ties, R&D.

The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

Lian also introduced development situations of Hebei during the conference.