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China's A-share market may have started what some are calling a "new bull run" that is more sustainable and rational than before, backed by deepened market-oriented reforms, experts said on Monday.

China's 120 trillion yuan ( trillion) asset management segment, which comprises trust funds, insurance, securities, public and private funds, and commercial banks' wealth management products or WMPs, is on the cusp of a new era of tighter regulation and balanced growth free of systemic risks.

China will work to further facilitate trade and ask its companies to abide by Russian laws and regulations, while it hopes the Russian side will implement its preferential policies and safeguard the lawful interests of Chinese enterprises, Wang said.

China will step up cooperation with African countries and will jointly advance the Belt and Road Initiative to help Africa address challenges of maintaining peace and security and promoting development, Foreign Minister Wang Yi said on Thursday.

China's automobile sales witnessed 12.8 percent year-on-year growth to reach 2.57 million units last month despite the COVID-19 pandemic coming under control, the report said.