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China has been Africa's largest trading partner for 11 consecutive years and has contributed to more than 20 percent of the continent's economic growth rate.

China has also expressed frustration with the US objection of granting China's market economy status and its failure to endorse China's important development programs, the Belt and Road Initiative and the Asian Infrastructure Investment Bank.

China has lifted over 93 million people out of absolute poverty over the past seven years but still had 5.51 million rural residents living below the official poverty line by the end of last year.

China has actively participated in the wide-ranging cooperation within the APEC framework. Chinese presidents have attended all APEC economic leaders' meetings and the positive, balanced and rational proposals they made at those meetings have won wide acclaim.

China has 102 centrally administered SOEs, which manage the bulk of the country's State assets.