China, the world's second-biggest energy user, will increase the price of electricity for nonresidential users by 0.028 yuan (0.4 cent) per kilowatt-hour on average starting tomorrow, the official Xinhua News Agency reported, citing the National Development and Reform Commission.

Iron ore output in China, the largest consumer of the steelmaking ingredient, may jump to a record this year as government stimulus spending spurs demand.

Investors opened more accounts to trade foreign and local-currency shares in China as benchmark indexes extended a rally and regulators relaxed restrictions on buying dollars.

Chinese demand for platinum jewellery is soaring towards a record annual high thanks to a sharp drop in the precious metal's price, leading metals group Johnson Matthey forecast on Tuesday.

China's land ministry said it is imposing limits on how much land can be used for residential development, government offices and some industrial projects to support economic policy and curb overcapacity.

China is among the emerging markets facing risks of property and commodity market bubbles, central bank adviser Fan Gang said, joining officials from the region in expressing concern about surging asset prices.

China's decision on whether to resume appreciation of the yuan is complicated as it will be made by the State Council, Fan Gang, a member of the People's Bank of China's monetary policy committee, told Reuters on Wednesday.

Steel production growth in China will hold above an annual 10 percent for the next five years, Chinese research group Steelhome.cn said.

Steel demand in China, the largest metal consumer, may rise 12 percent next year on booming property and auto demand, fueling gains in prices of iron ore, China International Capital Corp. said.

China has called for wealthier nations to eliminate agricultural subsidies and give greater market access to developing countries, the Xinhua news agency reported, citing officials at a global summit on food security.