Workers are seen at a workshop of the Harbin Electric Machinery Company Limited in Harbin, capital of Northeast China's Heilongjiang province, on Feb 22, 2021. [Photo/Xinhua]

China has met its target of reducing steel output by 150 million tons two years ahead of schedule, as envisaged in the 13th Five-Year Plan (2016-20), according to the Ministry of Industry and Information Technology on Monday.

The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

Manufacturing, industrial informatization to be opened further

China will fully open the manufacturing sector and further enhance the opening-up of industrial informatization to seek high-quality economic development, said a top industry regulator.

Minister of Industry and Information Technology Xiao Yaqing said the country will orderly remove the restrictions on foreign investments in the telecommunications sector, so as to attract more foreign funds and high-end manufacturing projects.

China maintains global lead in NEVs

China's production and sales of new energy vehicles (NEVs) have ranked first in the world for six consecutive years, with a total sales volume of 5.5 million units, Xiao said.

In recent years, China has issued about 60 supporting policies and measures, and the development of new energy vehicle industry has achieved positive results, with aspects such as basic materials, basic parts, motors, electronic controls, batteries and whole vehicles making substantial breakthroughs. In 2020, the growth rate of new energy vehicles reached 10.9 percent and showed a trend of continuous growth, he added.