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China is implementing the largest tax and fee cut of recent years, saving enterprises and individuals nearly 1.35 trillion yuan (9 billion) in the first seven months of this year. As a tradeoff, governments at all levels are told to "tighten their belts."

China is happy to see a united, peaceful and prosperous Africa and stands ready to further its comprehensive and practical cooperation with the continent, Li said, noting the hope for more fruitful results within the frameworks of the Belt and Road Initiative and the Forum on China-Africa Cooperation.

China has seen major improvements in environmental quality since 2013. The average PM 2.5 concentration, a measure of the most dangerous kind of air pollution, fell from 93.23 in January 2013 to 63.83 in the third quarter of 2018, according to an index compiled by the Asia Society. This is a fall of 35 percent. Water quality developed more slowly, but still improved 7 percent over the period.

China is transforming from being the world factory to an innovation-driven nation by embracing a fresh wave of innovation, a new report said.

China is the largest trading partner of Cambodia, Myanmar, Vietnam and Thailand and the second largest of Laos. Bilateral trade between China and the five riparian countries totaled 220 billion dollars in 2017, up 16 percent year on year.