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China unveiled a new regulation on Wednesday to further optimize its business environment amid ongoing efforts to continue opening up its economy, spur market vitality and foster high-quality development.

China supports Papua New Guinea in holding the annual summit of Asia Pacific Economic Cooperation (APEC) this year, and is ready to enhance bilateral coordination and cooperation under the APEC framework, Wang said.

China still seeks to foster a stable global environment in order to boost foreign trade volume. The country can enhance its earning strength by promoting traditional industries that have been advantageous via international cooperation in production capacity. It can also seek more growth points in other developed countries.

China offers an opportunity for an exchange of ideas that would help Africa overcome its water problem. For instance, in 2011, China had the capacity to desalinate about 600,000 metric tons of water per day and is projected to push the figure to about 3 million tons of desalinated water a day by 2020.

China seen as a peaceful power - World - Chinadaily.com.cn