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China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.

China's experience in recovery

China's exports increased 7.2 percent in July from a year earlier, while the manufacturing purchasing managers index rose to a four-month high of 51.1, beating expectations and landing in expansion territory for a fifth consecutive month.

China's grain output grew at an average annual rate of 2.6 percent from 1949 to reach 658 billion kg in 2018, managing to feed around 20 percent of the world's population with only less than 9 percent of the world's arable land, according to the report.

China's environmental watchdog confirmed on Thursday that it has notified the World Trade Organization about a ban on the importation of 24 types of solid waste, which will take effect at the end of this year. It also said it will get tough on waste smuggling.