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The country encourage mergers and acquisitions and "will guide the voluntary exit" of weak companies that cannot cease making losses, he said.

Over half of the 70 cities in the Beijing-Tianjin-Hebei region are affected by heavy or serious pollution, it said.

Saudi Arabia is willing to participate in building interconnectivity and intercommunication in the region under the frame work of the "Belt and Road" initiative and hopes to become as a vital corridor in China-Africa economic cooperation, Salman said.

TEHRAN, Jan. 23 (Xinhua) -- Chinese President Xi Jinping and Iran's Supreme Leader Ayatollah Ali Khamenei met here Saturday, pledging to beef up practical cooperation between the two countries and jointly safeguard security, peace and stability in the region and around the world.

China has signed 245 new economic assistance agreements. China has also exempted 156 items of debt from 31 African countries. China has also signed medical aid agreements with 41 African countries.