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The economic slowdown will not affect investment and aid promises made at December's Johannesburg meeting of the forum on China-Africa cooperation, Wang said.

-- Living standards improved.

The regulation provides detailed operational measures for academics and inventors on how to commercially exploit their work, as the country pushes for innovation-driven development.

"We must still walk the path of peaceful development and build a wonderful future together," Li said, adding that "Taiwan independence" has no future and the blood ties between mainland and Taiwan compatriots will never be severed.

This decision was "a bit of a strategic choice" made by the Chinese government, said David Dollar, a senior fellow with the Brookings Institution and a former official of the World Bank and the U.S. Treasury Department.