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China stands ready to work with Djibouti to implement the results of the 2018 Beijing Summit of the Forum on China-Africa Cooperation and bring bilateral ties to a new stage, President Xi Jinping said on Tuesday.

China needs to give full play to the advantages of its ultra-large domestic market and work toward a new model of development in which the domestic economic network takes the primary role, with the domestic and international economic networks complementing each other, President Xi Jinping told senior business executives from domestic and foreign companies at a symposium on Tuesday.

China vows to further expand production and consumption of bioethanol fuel this year, a form of renewable energy that can be produced from crops such as corn and potatoes, as the country seeks more channels to use corn and grain stockpiles, the State Administration of Grain had said earlier.

China is willing to be a long-term and reliable partner while Ethiopia is developing the country and rejuvenating the nation, Wang said.

China still faces many challenges in maintaining stable growth, and "economic restructuring remains a long-term, arduous task", it said.