Coal made up the bulk of that cargo — about 1.1 billion tons — up 17 percent year-on-year.

In addition, more railway lines were opened and more investment was made in railway construction to help stabilize the economy.

High-quality growth sought in reform of central SOEs

China's hydrogen energy sector advances amid green transformation

The industrial profit data covers large firms with annual revenues of at least 20 million yuan from their main operations.

The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

Lian also introduced development situations of Hebei during the conference.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.