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China is ready to work with African countries to jointly build an even stronger community of a shared future, Wang said at the Seventh Ministerial Conference of the Forum on China-Africa Cooperation.

China has vowed continued efforts to prevent various financial risks and foster a healthy investment environment, with the country's two major stock exchanges having already released rules to force companies to exit the equity market for serious law violations.

China is to develop a leading new energy vehicle sector as part of efforts to build a globally competitive automotive industry within 10 years, according to a guideline released by the Ministry of Industry and Information Technology last year.

China has started serious re-balancing by cutting excess capacity in the steel and coal sectors, where it has the highest output in the world.

China is ramping up efforts to boost new types of consumption and foster consumption upgrading amid the novel coronavirus outbreak, the nation's top regulator of the industry said on Wednesday.