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China's cotton output peaked in 2012 at 6.84 million tons, more than 2.2 times that of 1978, and continued to drop until a rebound in 2017.

China's industrial output accelerated and retail sales grew for the first time this year, beating analysts' forecasts.

China's far-ocean fishing operations began three decades ago, but the production of related goods was only 1.3 percent of the world's total because of technological limitations, he added.

China's large population and stable economic growth have provided great room for development of enterprises from all over the world, the NBS said. "More and more enterprises from the developed economies have entered the China market and made huge profits and strengthened cooperation with the Chinese side."

China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.