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China will establish authoritative, unified and accessible credit records of all market players, based on their social credit codes, to boost government oversight, the State Council decided at an executive meeting last week. According to a statement released after the meeting, the government will step up oversight of the social credit of businesses to ensure fair competition and reduce the cost of market transactions.

China will ramp up efforts to integrate artificial intelligence technologies into robots as the country aims to gain a lead in the race toward a smarter, automated society and accelerate the use of industrial and service robots.

China's GDP expanded 6.2 percent year-on-year in the first three quarters of this year, data from the National Bureau of Statistics showed. The growth, in line with the government's annual target of 6-6.5 percent set for 2019, still outpaces other major economies including the United States, Japan, Germany and India.

China's benchmark Shanghai Composite Index edged down to 3,091.66 points on Monday from 3,135.92 points on January 3, the first trading day of this year. Chinese companies have also faced higher costs when issuing corporate bonds in recent months.

China will join hands with its African friends to boost cooperation and common development, and push forward the development of China-African relations to higher levels and broader areas, Wang said in a keynote speech at the opening of the Fifth China-Africa People's Forum .