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As a result of China’s accelerated industrialization and the rapid development of its steel industry, the modes of steel product distribution have experienced splitting and integrating since 2002.

China has abundant hydropower resources, but its development is still at a low level. Hydropower is a clean, renewable, convenient for peak-shaving and high-quality energy with double functions of primary and secondary energy sources.

Along with the rapid development of industrialization and urbanization, the total energy consumed is increasing quickly in China, so energy conservation has become one important task for our construction of resource-saving and environmental-friendly society.

In 1996, China’s steel production reached 101.24 million tons and became the largest steel producer in the world. In 2003, its steel production rose further to 222 million tons and became the only country in the world whose annual steel production exceeded 200 million tons.

Gross Domestic Product (GDP) maintained a fast growth. According to preliminary calculation, during the first three quarters of the year, the Gross Domestic Product reached 14147.7 billion yuan, up 10.7% as compared with the same period of last year.