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China has always taken ASEAN as a priority in its foreign diplomacy and has always supported ASEAN in taking a central role in regional cooperation and a bigger role in dealing with international and regional affairs, Wang said.

China calls upon all parties "to seize the current opportunities, turn the political consensus into concrete actions and work in the direction of setting up a peace mechanism on the peninsula and the denuclearization of the peninsula to realize lasting peace on the peninsula at an early date", he said.

China has been encouraging recycling of scrapped motor vehicles to promote a circular economy. Such vehicles are usually sold to remanufacturing companies.

China has been the largest trading partner for Africa for 10 consecutive years. Last year, bilateral trade volume amounted to 4.2 billion, up 20 percent year-on-year, statistics from the Ministry of Commerce showed.

China has made significant headway in opening up its financial sector over the past 40 years, but the pace of reform hampers the healthy operation of the economy, the China Finance 40 Forum (CF40) said in its latest Jingshan Report.