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The Asian Infrastructure Development Bank is quickly shaping up and is scheduled to begin operations later this year. Aso said the Asian Development Bank, a Japan-led institution, also plans to invest 110 billion U.S. dollars over the next five years to aid infrastructure building in Asia.

She said her country is willing to work with China to upgrade the bilateral free trade agreement and take full advantage of the agreement on the avoidance of double taxation.

"Our efforts are centered at localizing business for Chinese companies and strategizing for the firms by informing them, among other issues, the obstacles they face while doing business in Africa and how they can overcome the challenges," SACE Foundation Project Manager Lu Jinghao told Xinhua during an interview.

Cooperation between the National People's Congress (NPC) of China and the Russian Federal Assembly has achieved fruitful results through regular exchanges over the past years, Zhang, chairman of the NPC's Standing Committee, said in an address to the first session of the cooperation committee of the two countries' legislative bodies.

"In the city of Morgantown, West Virginia, where my university is located, nearly half of the elementary schools, middle schools and high schools have already opened Chinese-language courses," Wang told Xinhua, adding that exchange programs between educational institutions in West Virginia and Chinese cities has seen a remarkable boost in the past years.