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China may see an increasing number of mergers and acquisitions among small and medium-sized commercial banks, as the country ramps up efforts to mitigate financial risk while divergence in banks' asset quality and financial performance has intensified, experts said.

China should establish a new insurance system for poverty alleviation, according to Zheng Wei, director of the Risk Management and Insurance Department of Peking University.

China is willing to work with Burkina Faso to enhance pragmatic cooperation in various fields in accordance with the eight major initiatives proposed at the Beijing Summit of FOCAC, said Wang.

China posted a stable workplace safety record in the first 11 months of last year, with fewer production-related accidents compared with the same period the previous year, according to the Ministry of Emergency Management.

China opposed the use of force in international relations and called for respect for other countries' sovereignty, independence and territorial integrity, Ma Zhaoxu, China's permanent representative to the UN, said after the vote.