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China has a robust electric vehicle market -- around 660,000 electric cars were sold in China in the first three quarters of last year, which represented about half the global total.

China has much to offer Africa in terms of economic development.

China does not need to follow suit by raising its interest rate, said Yu Yongding, former member of the monetary policy committee of the People's Bank of China. "China needs to keep its interest rates stable," said Yu, an economist of the Chinese Academy of Social Sciences. "China has been able to resort to capital flow management to absorb the effect of the US interest rate hike, and the hike has been priced in by the market."

China has decided to build a number of key hubs for the logistics sector and improve its efficiency and information-sharing as part of efforts to substantially reduce the ratio of overall logistics costs to GDP, and build a modern logistics system.

China has been supporting the consumption of cobalt and copper through its policies and strategic direction, including the purchase subsidies extension on new energy vehicles for two years to 2022.It is also encouraging that individual regions in China are taking exceptional steps to promote electric vehicles, including announcements of future bans on diesel and gasoline vehicle production and sales, he said.