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China will continue to uphold its Africa policy and concepts of sincerity, concrete results, affinity and good faith, uphold justice and pursue shared interests, and promote the construction of a closer China-Africa community with a shared future, in order to realize win-win cooperation and common development, Xi said.

China will further promote the amendment and supporting legislative formulation of the Anti-monopoly Law (AML), lay down anti-monopoly guidance, and reinforce investigation and treatment of administrative monopoly cases, said Gan Lin, vice-minister of the State Administration for Market Regulation, on July 31. Government officials and experts from worldwide, and executives of Chinese and multinational companies in various industries welcomed the administration's decision for a better and fairer market.

China will remain open to the world and emphasize cooperation with other countries in the next five years, said a leading Chinese economist.

China will introduce 50 agricultural assistance programs, provide RMB 1 billion of emergency humanitarian food assistance to African countries affected by natural disasters, send 500 senior agriculture experts to Africa, and train entrepreneurs in agribusiness.

China's GDP growth reached a faster-than-expected 6.9 percent year-on-year in the first half. Meanwhile, authorities have tightened checks of dubious overseas investment projects in some sectors, such as real estate, hotel and sports, which has helped reduce abnormal outflows of capital.