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Kenya is one of the leading African countries that are deepening mutually beneficial cooperation with China, said Wang. The two countries have already defined a cooperative framework in five major fields -- industrialization and infrastructural construction, agriculture and green environmental protection, cultural and educational exchanges, peace and security and justice and police affairs, and international and regional affairs, he said.

She said the Belt and Road initiative has provided a new model of global cooperation and governance.

Lardy said that China is not facing a banking crisis, and that China still sees a high ratio of funding from deposit. Moreover, he said that most of the debt is renminbi debt, thus its reliance on wholesale financing is little.

China is also willing to carry out exchange and communication with Japan in various areas to maintain the momentum of improving bilateral ties, he added.

Legislators began to read a proposal to review and ratify the Paris Agreement on climate change.