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China is willing to work with countries in Africa on digital infrastructure development and help small and medium-sized enterprises thrive amid this process, Zhu said.

China rolled out a plan in 2015 for the coordinated development of Beijing, Tianjin and Hebei. Progress has been made in many fields including environmental protection, public services and transport.

China should "create a stable, fair, transparent and predictable business environment, and speed up efforts to build an open economy in a bid to promote the sustainable and healthy development of the Chinese economy," Chinese President Xi Jinping said at a meeting of the Central Leading Group on Finance and Economic Affairs on Monday.

China to strengthen cooperation with other nations on securities regulations

China reserves the right to take further actions on the issue, he added.