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China stepped up efforts last year in preventing abnormal financial volatility and properly handling local government debt risks.

China values the traditional friendship with Zimbabwe and stands ready to work together for strengthening all-round cooperation and advancing bilateral ties, so as to bring benefits to the two countries and two peoples, according to spokesperson Geng Shuang.

China will continue to optimize its business environment, actively expand imports, expand foreign investment and contribute to the stability of the world economy, he said, adding China’s opening-up policy will not change, its adherence to the concept of peaceful development and win-win cooperation will not change and the country’s efforts to promote a community with a shared future for mankind will not change.

China rebutted international rating agency Moody's downgrading of the country's credit rating on Wednesday, saying the company overestimated the difficulties facing the world's second-largest economy and underestimated the effect of its restructuring reforms and financial strength. Analysts said Moody's has been too pessimistic to appropriately assess China's debt management.

China welcomes dialogue and communication on the basis of reciprocity, equality and integrity, according to the statement.