After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.

The channel is also a major route for China's west-to-east coal transportation, ensuring the country's energy consumption demand is met.

In November 2022, the production of the Mining and Hydrocarbons sector increased 5.06% compared to the same month of the previous year.

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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.

Thanks to the large-scale development of clean energy, especially solar and wind power, consumption of fossil fuels is expected to decrease by 3.15 billion ton standard coals during the 2030-60 period, Dai said.