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China's development experience is relevant to Africa, he said, adding that having been at a similar development point in history gives a lot of developing and emerging economies in Africa hope for transformation and innovation.

China's output of grain for this year is expected to see an increase in production, with the total volume to exceed 650 million metric tons, according to the Ministry of Agriculture and Rural Affairs.

China's major state-owned oil firms have been told to maximize production at domestic gas fields.

China's four largest banks are in the SIFIs group, a term comparable to "too big to fail". Any improper disposal of their risks may lead to systemic shocks.

China's financial center Shanghai has demonstrated the strongest consumption power in the first quarter this year, Sina Finance reported on Friday.