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China's assistance to Africa is an important part of the healthcare initiative, one of the eight initiatives China proposed at the Beijing Summit of the Forum on China-Africa Cooperation in September 2018, Geng said.

China will maintain the continuity and stability of its policies, focusing on advancing supply-side structural reform to ensure stable and healthy development of the economy, Liu Wei, vice-minister of finance, told a news conference.

China's automotive radar sensor market is growing at around 40 percent year-on-year, nearly twice the rate globally, according to NXP.

China will step up efforts to diversify export markets and actively expand imports, Li said. To better attract foreign investment, China will further relax controls over market access, shorten the negative list for foreign investment, and permit wholly foreign funded enterprises to operate in more sectors, Li added.

China will lower the market access threshold for all nursing home ownerships, improve community facilities for at-home nursing for the elderly and train more nursing professionals for the sector to expand services and provide more employment opportunities.