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China has taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors.

China is committed to helping Kenya achieve its development goals, said Sun Baohong, the Chinese ambassador to Kenya.

China is pushing its industries to move toward the medium-high end of the global value chain. In the first ten months of this year, private fixed-asset investment into the manufacturing sector rose 4.1 percent year on year.

China is boosting efforts to spur consumption, seeing it as a key step to hedge against the coronavirus epidemic's impact, the country's top economic regulator said on Wednesday.

China has slapped a 25 percent tariff on pork and other agriculture products in response to the US imposing tariffs on Chinese aluminum and steel exports. This caused the US to threaten 25 percent tariffs on billion worth of Chinese imports and China responded with a tariff threat on US products including a 25 percent tariff on soybean exports.