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China's globalization "is based on more equal cooperation", and features a focus on South-South cooperation between developing countries, including itself, he said.

China's friendly tradition with African countries including Nigeria has withstood the test of time and the international situation, he said, adding that their brotherly friendship will resist any interference.

China's financial regulators have recently strengthened oversight and issued stiffer punishments to remedy shortcomings and promote efficiency.

China's oil giants, especially those with major business in upstream sectors including China National Petroleum Corp and China National Offshore Oil Corp, will suffer if oil prices remain at depressed levels throughout the year, said an industry expert.

China's imports from the United States are likely to grow substantially in the high-end sector with scope for further cooperation in sectors like aerospace and new energy research, a top expert said.