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China upholds ideas of common consultation, joint construction and shared results, pursues policy coordination, and facilitates connectivity, unimpeded trade, financial integration and people-to-people affinity. China and Africa are striving to synergize development strategies and strengths, broaden cooperation channels and innovate cooperation models to support Africa's industrialization, agricultural modernization and economic integration, thus creating favorable conditions for exchanges and integration of Chinese and African civilizations, and facilitating the sharing of dividends of development and openness.

China may announce a three-year action plan on reforming China's State-owned enterprises next year to promote mixed-ownership reform, cut government subsidies and improve earnings at home and abroad, experts and business executives said on Wednesday.

China is willing to work with the EU to press for positive outcomes from future China-EU political exchanges, to complete negotiations on the China-EU bilateral investment treaty and to uphold multilateralism and the free trade system with concrete actions, Wang said.

China launched the crude oil futures trading on March 26 last year. It was the first futures variety on the Chinese mainland open to overseas investors.

China will continue to deepen reforms and expand opening-up and improve its business environment, Xi said, adding that he hopes Singapore will also provide sound conditions for Chinese companies doing businesses in the country.