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China will offer necessary support at the request of Sao Tome and Principe to boost its economic and social development, Wang said, adding that China is ready to further champion the common interests of both nations as well as various developing countries.

China will optimize the layout of its international market, focusing on the expansion of imports from countries related to the Belt and Road Initiative.

China's State Council has asked the country's big commercial banks to set up "inclusive finance" departments by the end of the year to offer small businesses and low-income households financial services at affordable costs.

China will increase efforts protecting intellectual property rights and consider these rights a cornerstone of economic development, innovation and international trade, according to Shen.

China will make more efforts to defend the multilateral trading system, contribute to the reforms of the World Trade Organization and help make global economic governance system fairer and more rational, it said.