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Analysts said the Belt and Road Initiative attempted to provide a win-win approach to satisfy the needs of the involved region.

Analysts said the stable price came due to a variety of factors with the weak seasonal demand for the fossil fuel offsetting building of coal stockpiles for winter.

Analysts expect this move to benefit companies across the country.

Analysts also said China's shift to focus on dealing with the three major tasks next year will help improve its ability to innovate.

And, President Xi announced that China will strengthen intellectual property rights protection in his April speech to the second Belt and Road Forum for International Cooperation.