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China has adopted a de facto separate financial regulatory regime, with regulators focusing on supervision in their own fields. However, this has been criticized as being responsible for the country's worsening shadow banking problem in recent years.

China firmly supports Burkina Faso's efforts to safeguard peace and stability in the country and the region, and is willing to deepen bilateral cooperation in peace and security, Wang added.

China attaches great importance to developing relations with Cuba, Zhao said, adding that Chinese President Xi Jinping and Cuban President Raul Castro met on various occasions in recent years and the two leaders reached consensus on deepening mutually beneficial cooperation in a variety of areas.

China has initially proposed a ban on post-consumer plastic and mixed papers and a 0.3 percent maximum contamination level for most other recyclable materials, according to David Biderman, CEO of the Maryland-based Solid Waste Association of North America. While the proposed ban remains unchanged now, the contamination level restrictions were eased to 0.5 percent in November, after pushback from the US recycling industry.

China has been focusing on shifting its economy toward a growth model driven by consumption, services and innovation, thus injecting vitality into the world economy.