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The copper price reached ,000 per tonne last Wednesday, its highest price since June 2018, on China's burgeoning demand for the industrial metal as the country's economy recovers from a pandemic-induced slowdown.

The country will treat foreign financial institutions and domestic companies equally in business license issuance, and use a negative list to manage investors, which is called the "pre-establishment national treatment and negative list" management system, Yi said.

The conference, themed " Joint Efforts Key to Cyber Credit System", was co-organized by the China Federation of Internet Societies and Cyberspace Administration of Shandong.

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The country will further reduce policy barriers to private capital market access and fully carry out an updated version of the market access negative list, which will be completed by the end of this year, to make all non-forbidden areas accessible to private and overseas businesses, the statement said.

The cost of living in Asian cities generally increased last year, with Singapore remaining at the top for the fourth consecutive year. But exchange rate volatility and resurgent commodity prices, rather than productivity gains, were responsible for the increase.

The consumer electronics division posted an operating profit of 1.56 trillion won (.4 billion) on revenue of 14.09 trillion won (.5 billion) in the third quarter.

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The country imported 300 million tons of coal in 2019, up 6.3 percent year-on-year. In December, coal imports declined 72.9 percent year-on-year.

The country will see an uptick in rail traffic volume as trips to visit relatives and short- and medium-distance trips are on the upswing. To meet the increasing demand, railway authorities have allocated more trains on key routes, according to the group.

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The country will also close all illegal petrochemical enterprises with excessive pollutant emissions within a 1-kilometer radius of the Yangtze River by the end of next June, said Luo.

The country will also improve its mechanism for foreign investors to file complaints and protect their legal interests, Gao said.