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China's financing support to Africa is mainly invested in infrastructure construction and productivity. Chinese companies have built a large number of infrastructure projects such as highways, railways, ports, airports and communications facilities in Africa, which have greatly improved the environment for Africa's economic development, added to its appeal to foreign investment and enhanced its capability to achieve self-driven development, according to Geng.

China's consumer price index, a primary barometer of inflation, rose by 2.2 percent year-on-year in November, down from 2.5 percent in October, the National Bureau of Statistics said on Sunday.

China's consumption sector will shake off the novel coronavirus epidemic impact in the medium or long term, as the country is nurturing new growth engines, senior officials said on Thursday.

China's crude steel output is estimated to exceed 1 billion metric tons this year. That will mark an increase of 3-5 percent year-on-year. But, the industry profitability this year is likely to stay flat and may increase modestly next year, according to the China Iron and Steel Association.

China's first free trade zone was set up in Shanghai in 2013. The country added four more FTZs in the coastal provinces of Fujian and Guangdong and the inland provinces of Shaanxi and Sichuan.