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China pursues a trade strategy of mutual benefit, win-win, diversification and balanced development, the white paper says.

China plans to further advance the building of economic and trade cooperation zones in countries and regions related to the Belt and Road Initiative, said Qian Keming, vice-minister of commerce.

China was selected on Friday to host the WorldSkills Competition in Shanghai in 2021 - an event it hopes to use for building a stronger team of skilled workers nationwide and to enhance international exchanges in vocational skills.

China will also "make unremitting efforts to push forward supply-side structural reform, properly resolve major potential risks, and promote sustainable and healthy economic and social development", the statement said.

China will continue to attract foreign investors looking to expand into China, despite the temporary closure of many businesses and operations, said Denton, who believes that the significant investment in recent years in areas such as technology and renewable energy will benefit the Chinese economy and sustainable development in the long term.