The country's goal-oriented performance-appraisal mechanism has proved its efficiency in pollution control

Rio Tinto has committed to invest $10 million with the world's largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research, the company said.

Meanwhile, the standard has strict requirements regarding environmental protection.

China's high-speed railway products, tech and standards receive international acclaim.

The steel giant is going to pursue latest technologies and innovation and emerge as the global steel industry leader, said its chairman.

Fiscal spending likely to focus more on public services to improve livelihoods.

$30.6b earmarked for mixed-ownership reform, cutting-edge technology.

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said .