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Through M&As, leading companies will increase their market share, and reduce excessive competition, benefiting the development of the industry, he said, adding both domestic and foreign experiences have revealed that increasing industry concentration, or the market share of leading companies, is an important step for the iron and steel industry to optimize its structure and further develop.

Tian was speaking at a news conference held by the State Council Information Office to brief on the latest progress in rural water security.

Tim Cook, CEO of Apple Inc, the world's most valuable company, said on Wednesday that he was overwhelmed by China's huge changes in the past 25 years, as the country makes strides in nurturing innovation and upgrading manufacturing capacity.

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Three women and a 4-year-old boy were killed when a minibus collided with a minivan, the ministry's press service said.

Through the Belt and Road Initiative proposed in 2013, China was adding jobs to Asian, European and African countries along the routes, while promoting infrastructure, trade, financial and people-to-people connectivity along and beyond the ancient Silk Road trade routes.

Tim Cook, CEO of Apple, uses iPad and UBTech Robotics' products to teach young people about programming and robotics technology in an Apple store in Toronto. [Photo provided to chinadaily.com.cn]

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Tibetan people perform Guozhuang dance at a local festival on July 26 in Garze county in Sichuan province. [PHOTO/CHINA NEWS SERVICE]

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Though he did not reveal their current sales revenue, industry insiders said the goal is big compared with its archrival Hema Store's 14 billion yuan of revenue in 2018 and will deal a blow to the nation's crowded fresh food segment where leading internet heavyweights have all entered the market.

Though the provincial and Haikou city governments, public sectors and thousands of individual volunteers provided generous and warm support to the stranded holiday makers with free food, clothes, medicine and even tents, last year's experience made many people, especially those who drove to the island, have second thoughts about another holiday on the island.