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China stands ready to strengthen comprehensive cooperation with the African countries to build a road of high-quality development that is suited to national conditions, inclusive, and beneficial to all, Xi said in his keynote speech themed "walk together towards prosperity" at the meeting, also the Sixth Conference of Chinese and African Entrepreneurs.

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 made a similar move at the end of last year, but the quota then was 810 billion yuan. The increased quota this year means infrastructure investment may rise significantly to boost growth in the first quarter of next year, according to a research note by CITIC Securities.

China must separately develop open, stable and safe industrial and supply chains in both international and domestic markets to prevent unexpected risks. If these two chains are successfully built, China will be able to become a driving force behind the recovery of the global economy.

China launches the Chang'e-5 lunar probe from the Wenchang Spacecraft Launch Site in the southern province of Hainan. [Photo/Xinhua]