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China's economic recovery is forecast to accelerate in the year's second half on the back of strong domestic policy support and the reopening of overseas markets. GDP growth is likely to rebound to about 5 to 6 percent in the second half while the growth rate is predicted to rise to around 7.5 percent next year, according to analysts with UBS Wealth Management.

China's development cannot exist separate from a good international environment and its development will also benefit the world, Wang said, adding that the Chinese government always pays high attention to people-to-people diplomacy.

China's industrial developer Tianjin Economic-Technological Development Area (TEDA) is currently developing a total area of 7.23 square km in Egypt's Suez Canal Economic Zone (SCZone) in Ain Sokhna district of Suez province.

China's fiscal policy could be more proactive in supporting investments in the second half this year, said analysts, as the economy looks to strike a balance between growth and stability.

China's oil giants have stepped up efforts to ensure fuel supplies along the roads and insurance companies have initiated emergency response procedures for settlement of claims.