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"China got valuable support from the African Union and African countries when it faced the hardest period. When the pandemic outbreak reached Africa, China sent medical expert teams to 16 African countries, built pair-up hospital cooperation with 42 African countries, offered urgent medical supplies to the African Union and almost all African countries," Liu said.

"China only needs 6.3 percent year-on-year growth to achieve its target of doubling GDP by the end of 2020 from a decade earlier as scheduled," he said. In the 2020s, China's economic output is likely to grow at moderate pace, by around 5 to 6 percent year-on-year, according to Liu.

"CBS is not quantitative easing because it neither increases nor decreases in the monetary base," the statement said.

"China is now the second-largest market of Emerson," said Hakan Erdamar, president of Emerson commercial and residential solutions in Asia, Middle East and Africa. He said the planned research center will become a vital part of the company's strategy of "in China, for China".

"China is getting a foothold in Latin America. It is using economic statecraft to pull the continent into its orbit," he said in a Feb 1 speech.