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China has vowed to make more efforts to stabilize the supply chain, as global concerns over the COVID-19 outbreak keep mounting. This is in sharp contrast to the proposal floated by some US officials in political circles on severing normal supply cooperation.

China has the capacity to extend local government bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.

China is ready to work with the African Union and its member states of the forum to make the summit a historic event reinforcing the solidarity and cooperation between China and Africa, Wang said.

China hopes to continue to work with Europe to promote ties, safeguard multilateralism and free trade and contribute to world peace, Hua said.

China is pushing the public-private partnership model to reduce government debt burdens and improve efficiency, but has only seen a tepid response from private businesses, partly due to low returns and difficult risk control.