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China adopted a market-oriented economy and established special economic zones along its coastal areas, which has successfully attracted foreign investment to boost the economy in the country's east, he said.

China Southern Power Grid vowed to reduce power fees by as much as 10.6 billion yuan (.51 billion) for general businesses and large industrial enterprises in the country, as part of the company's preferential measures for businesses that need support when resuming operations.

China achieved higher-than-expected GDP growth of 6.9 percent in the first nine months of last year, and the whole-year growth could be around 6.8 percent in 2017, according to various economist forecasts, showcasing the global growth engine's economic resilience.

China Petroleum & Chemical Corp, also known as Sinopec, the world's largest refiner, believes that by deepening cooperation with countries and regions taking part in the Belt and Road Initiative, it can reshape the petroleum and petrochemical industry.

China and Algeria, which established a comprehensive strategic partnership in 2014, have expanded cooperation in several fields, such as infrastructure, engineering construction and telecommunications.