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China's economy may seem to be in some difficulties from a short-term perspective or being viewed through specific cases. However, its development prospects are very bright when being judged from a historical perspective, according to Liu.

China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.

China's comparative advantages in areas like policy facilitation, technology accumulation and labor quality will help the country attract more high-quality foreign investment that values efficiency, market potential and innovation, said a member of the nation's top political advisory body.

China's direct investment in the continent has increased significantly. The ministry's statistics showed that in the first quarter, non-financial outbound direct investment from China to Africa reached 0 million, up 64 percent from last year.

China's financial authority has reiterated improving the financial supervision system and enhancing the system's transparency and rule of law while actively resolving financial risks and resolutely maintaining financial stability, according to a statement issued by the Financial Stability and Development Committee under the State Council after a meeting chaired by Vice-Premier Liu He on Saturday.