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China will give fresh impetus to the Made in China 2025 strategy by implementing five key projects and bringing to life a slew of national innovation demonstration zones, according to the Ministry of Industry and Information Technology, the country's top regulator for industrial development.

China will stimulate the launch of businesses and innovate with deepened reforms to streamline administration, delegate powers and improve regulations and services.

China's banking and insurance regulator urged relevant financial institutions to take multiple measures to dispose of and mitigate the risk of banks' nonperforming assets, in addition to classifying bank loans strictly according to their inherent risks as "pass, special-mention, substandard, doubtful and loss" to truly reflect their risk level, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, said at a news conference on Oct 21.

China will encourage foreign institutions to raise funds through renminbi-denominated bonds in the interbank bond market, as part of efforts to accelerate the opening-up of the financial market and improve the renminbi's internationalization.

China will support Africa's development by passing along experiences from its own development, Vice-President Wang Qishan said on Tuesday in Beijing.