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China is the global leader in terms of economic recovery from the coronavirus pandemic, and the nation's recuperation stands to benefit the rest of the world, according to industry insiders and analysts.
China is Africa's largest trade partner. An Ernst & Young report also showed that in 2016, China was Africa's single largest contributor of foreign direct investment capital and jobs.
China is diversifying its foreign exchange reserves in order to safeguard their value, the State Administration of Foreign Exchange, the country's currency regulator, said on Thursday, dismissing media reports that it was halting or reducing its purchases of United States debt.
China increased its deficit by 1 trillion yuan (9.5 billion) and issued 1 trillion yuan in special COVID-19 response bonds as part of a more proactive fiscal policy, with the Cabinet setting up a special transfer payment mechanism to funnel the 2 trillion yuan directly to prefecture and county governments.
China is making education the central work, making sure that sanitation, environment, sport and other issues are addressed, Sidibe said.