Experts urge State firms to boost restructuring efforts, revitalize regional economy

Key innovative area of Shanghai hopes emerging industries can attract greater overseas investment

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

The production value of manufacturing industries in the island saw a year-on-year decline over the past seven consecutive quarters, said the department in a statement earlier this week.

China's raw coal output rose 0.1 percent year on year to 3.13 billion tonnes in the first 10 months of 2020, official data showed.

"To address long-term market developments and the effects of coronavirus," Thyssenkrupp announced to cut 5,000 more jobs, bringing the total of its layoffs to 11,000.

The first export consignment is scheduled to leave the Chattogram port, some 242 km southeast of the capital Dhaka, on Nov. 21, the company said in a statement.

China's benchmark power coal price rose slightly during the past week.