Services and consumption to power usage, rather than gas-guzzling firms

China's energy demand growth is expected to slow to 1.1 percent per annum by 2040, less than one fifth of its pace in the last 22 years of 5.9 percent per annum, according to the BP Energy Outlook 2019.

WASHINGTON -- The International Monetary Fund (IMF) on Tuesday revised up the 2019 growth projection for China to 6.3 percent, up 0.1 percentage point from its previous estimation in January, according to the newly released April 2019 World Economic Outlook (WEO).

As China implements more stringent policies and regulations on the environment, the demand for high-quality iron ore will remain strong in the coming years, which provides companies like Rio Tinto an edge in the country, CEO Jean-Sebastien Jacques said.

China's first 110-ton NTE120AT unmanned electric mining truck -- developed by Inner Mongolia North Hauler Joint Stock Co, a Baotou-based mining truck manufacturer -- was successfully launched recently, making China the third country to boast having unmanned mining vehicle technology after the US and Japan.

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