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China's GDP grew faster than expected in the first half of the year, up 6.9 percent from a year earlier.

China's 10-year treasury bond futures closed higher on Wednesday. [Photo/Sipa]

China would rather rely on market-oriented forces to determine the renminbi's value than defend its currency by dipping into its trillion foreign exchange reserves amid trade disagreements, analysts said.

China would like to work with the African partner in consolidating the promising momentum for a comprehensive and fast development of bilateral cooperation, Li said.

China will further stabilize foreign trade and actively leverage the role of foreign capital, according to the Government Work Report submitted to the national legislature for deliberation. The country will significantly shorten its negative list for foreign investment, while a negative list will also be drawn up for cross-border trade in services, said the report delivered by Premier Li Keqiang at the opening of the annual national legislative session.