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Chinese Foreign Ministry spokesman Lu Kang said on Thursday that China believes Trump's response is a positive thing for the current situation on the Korean Peninsula.

China's transition over the next 10 years will not be painless for its companies or for foreign competitors. But, reform and opening-up policies that create more competitive companies and markets are the only way to achieve a richer and more productive world economy in the long term.

China's shift from quantity to quality, improved energy efficiency and tight environmental control will further cap oil consumption, she said.

China's power bank rental service provider Laidian Technology Co Ltd looks to steadily expand overseas businesses in the coming year, amid increasingly intense competition at home.

China, under the Belt and Road Initiative, will link Asia, Africa and Europe. The initiative envisions a trade and infrastructure network connecting Asia with Europe and Africa. Pan argues that this again offers opportunities for Africa.