The data support the view that the economy is beginning to gradually lose steam
China promised last year to cut steel capacity by as much as 150 million tonnes over the 2016-2020 period
However, curbs on property and debt beginning to weigh on parts of the world's second-largest economy
However, concerns remain that much of the growth is debt-driven
For China's economy, the most appropriate exchange rate regime is a free floating one
China will be in the first place by 2050
Surge happened as prices of commodities from coal to iron ore raced higher
The world's second-largest economy grew 6.7 per cent last year, the slowest pace in 26 years
China - with a worried eye on money leaving its borders - is telling its companies to cool it down
It raises fresh doubts about the accuracy of China's economic data
Sun's comments came as China faces threats from incoming US President Donald Trump
Analysts believe growth was lower than official data suggests
That left the country with a trade surplus of $41.99 billion for the month
China's official unemployment rate has been around four per cent for years, despite the rapid slowdown in the economy
Exports also showed signs of improvement, falling by a less-than-expected 2.8 per cent from a year earlier
Consumer inflation has remained well below China's official target of around 3 per cent in 2016