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China plays a leading role in the development of fintech, robotics and artificial intelligence, and is a "pacesetter" for digital commerce, outweighing other countries in terms of online retailing and payments, Lipton said.

China supports the self-reliant and sustainable development of Africa, and is ready to work with African countries including Senegal to maintain and develop the FOCAC mechanism, Xi said, eyeing greater contribution to the comprehensive strategic and cooperative partnership between China and Africa.

China will continue to pay close attention to peace and security in Africa, and do its best to safeguard peace and promote security in the region, Wang said.

China saw its foreign trade increase 3.4 percent to 31.54 trillion yuan in 2019.

China is witnessing a new consumption norm, a trend featuring residents of smaller cities, who are looking more to imported goods and have a growing appetite to spend.