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China supports Africa in diversifying its partnership and is willing to work with different countries, including Monaco, to jointly support the lasting peace and sustainable development of Africa, he said.

China released major reform measures of its individual income tax system over the weekend, a move that analysts expect will ease the burden on taxpayers, boost consumption and stabilize economic growth.

China supports Italy in assuming the presidency of the Group of 20 next year, and stands ready to strengthen coordination and cooperation with Italy to jointly uphold the international system with the United Nations at its core, strengthen cooperation in global governance, safeguard the multilateral trading system, and build an open world economy, so as to make positive contributions to world peace and development in the post-pandemic era, Wang said.

China will also actively interact with the international community on the basis of mutual respect, equality and mutual benefit, and welcomes foreign institutions and individuals to come to China for exchanges and cooperation, the spokesman added.

China will continually push forward the market-oriented reform of renminbi exchange rate regime, and keep the flexibility of the currency. Necessary macro-prudential management will be launched when some pro-cyclical signals emerge, to keep the renminbi exchange rate basically stable at a reasonable equilibrium, Yi said.