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China has adjusted subsidies for its fast-growing new energy car sector to encourage offerings with longer mileages, in the latest efforts to improve competitiveness and ensure high-quality development.

China has made significant progress in emerging fields such as industrial internet security, 5G security, blockchain and artificial intelligence, Zhao said.

China has always viewed the development of the bilateral relations from a strategic and long-term perspective, and will continue to pursue a friendly policy toward Ethiopia, Wang said.

China has adopted policies to further open the economy to foreign investment, including the introduction of the new Foreign Investment Law, the shortened negative list, and a new regulation to further optimize the business environment.

China has become the world's second-largest economy after decades of rapid economic growth. China's GDP expanded by an average annual rate of 7.2 percent during 2013-2016, compared with 2.6-percent average global growth and the 4-percent growth of developing economies.