Company's locomotive components now meet strictest quality standards in the world, granting it access to every market.

On a monthly basis, China's PPI remained flat last month compared with the 0.1-percent rise in May.

The figure represents a fall of 7.7 percent in volume but an increase of 21.8 percent in value year on year, according to the association's statistics.

Aussie firm plans RM1bil plant in Sarawak

In China, an enterprise with annual revenue of more than 20 million yuan ($2.99 million) is deemed relatively large.

Australia’s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation’s coal and natural gas.

“We don’t expect this to drag on much longer than a couple of months,” he anticipated.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.