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China has also provided scholarships for African students, and Monyae challenged other countries to compete with China in providing scholarships and critical job skills to Africans.

China has been stepping up efforts in recent years to allow foreign investors wider access into the domestic financial market. A mainland-Hong Kong bond connect program was approved in May this year and allows investors from both sides to trade bonds on each other's interbank markets.

China has become an integral part of the growth plans of many US businesses, not just because of its sheer size but also due to its strategic importance, according to Stephen Shafer, president of 3M China, the Minnesota-headquartered conglomerate.

China has also taken measures to improve its export structure, with exports of automobiles expanding by 16.3 percent and machine tools by 18.7 percent, compared with the same period last year, according to the GAC. Exports of electrical-mechanical products rose by 7.8 percent to 6.91 trillion yuan, accounting for 58.3 percent of China’s total export value.

China has announced plans to achieve an annual output of more than 100,000 industrial robots by 2020.