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China is positive about any open, transparent and inclusive agreement that reinforces regional economic integration and the WTO-centered global free trade system, Wang said.

China has seen marked progress in combating poverty issues in the country's most impoverished regions over the past year, a period considered the crucial home stretch of the poverty reduction campaign, according to Liu, director of the State Council Leading Group Office of Poverty Alleviation and Development.

China is implementing the debt relief plans promoted by the Group of 20 to help ease the debt burden of poor countries and achieve sustainable development during the novel coronavirus epidemic, a senior government official said.

China is poised to grow strongly in the next two to four decades due to the Belt and Road Initiative and this will provide significant business opportunities to other economies in the world which would benefit from the country's business wisdom, participants of a student-led business forum in London said.

China is currently the world's largest steel producer, with crude steel production boosted by a resilient property market and robust demand, climbing to record 990 million metric tons in 2019, representing more than half of global output.