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"China's steel and iron sector has been experiencing a sluggish market this year. Producers should step up efforts to reduce costs and seek new revenues," Wang of the Lange Steel Research Center said.

"Considering the presale orders, Mexico can become the largest overseas market for the model," said the carmaker in a statement.

"Coal exports in the US are surging in part because China has been shutting down its less efficient coal mines," Marc Scribner, senior fellow at the Competitive Enterprise Institute, told Fox Business in March.

"China will work with Kenya to realize the promise of the Belt and Road Initiative as well as the promise of the Forum for China Africa Cooperation. China will always see African states as development partners no matter how the international landscape may be shaped," he added.

"Chinese brands are at the forefront of innovation, and its global brand-builders are helping to establish 'Brand China' as innovative, cutting-edge and pioneering. China's insatiable appetite for new technology is fuelling the growth of many brand categories and powering innovation at an incredible pace," the report said.