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American steel prices have dropped about 33 percent since last summer when strong demand pushed prices close to a 10-year high.

Among the total, 13 billion yuan of loans were used to combat the epidemic, which had killed 1,016 people as of Monday. The remaining 30 billion yuan of loans were given to companies to resume production.

Among the 37 cities included in the index, Beijing had the fiercest competition, with an index of 82.4. Shenzhen in South China's Guangdong province came second with an index of 39.7. Shanghai was listed fifth with 37.4, and Guangzhou at ninth with 26.3. The four cities are classified as first-tier cities in the country.

Among the 39 overseas projects carried out last year, 37 were in economies along the Belt and Road, including 12 in Saudi Arabia, two in Kazakhstan and others in Kuwait and Malaysia. The total contract value exceeded .59 billion, said Chen Xiaodong, general manager of the international business department at Sinopec Engineering.

Amid the downslide of traditional media, he became an independent writer in 2014. By then, he had worked for media outlets including the South China Metropolis, Asian Business Leaders and the Chinese version of Bloomberg Business Weekly for nearly 16 years.