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China's top securities regulator has also vowed to deepen capital market reform to improve the quality of the listed companies and give foreign investors bigger market access.

China's trade with the EU, the United States and Japan totaled 875.93 billion yuan, 668.01 billion yuan and 465.68 billion yuan between January and March of this year, dropping 10.4 percent, 18.3 percent and 8.1 percent year-on-year, respectively.

China's total vehicle sales fell 8.2 percent year-on-year last year to 25.77 million, according to the China Association of Automobile Manufacturers. The organization expects overall vehicle sales to fall by around 2 percent in 2020.

China's proposal to hold the ministerial-level conference aims at implementing the Forum on China-Africa Cooperation Johannesburg Summit in 2015 and making health a highlight of China-Africa cooperation, Liu said.

China's promise to further open its markets is giving a fillip to the world economy, hard hit by the COVID-19 pandemic.