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China's economic prospects will remain solid next year, with its ongoing efforts in deepening reform and opening-up as well as economic and trade cooperation with foreign countries, Wei added.

China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.

China's consumer price index, a main gauge of inflation, rose 3.8 percent year-on-year in October, while the producer price index, which measures costs for goods at the factory gate, dropped 1.6 percent year-on-year last month.

China's inland pilot free trade zones are deploying more resources to invest in airport extensions and logistics projects to turn themselves into "China's Memphis"－to compete with free trade zones near the coast.

China's early recovery from the COVID-19 pandemic, the rebounding consumption levels and efficient production resumption have helped global companies in China to remain viable and profitable compared with other parts of the world, said Julien Hueber, executive vice-president of Industry Solution and Project Business Group at Nexans, a French cable manufacturer.