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"Capital market development has become more important than ever," Li said, adding that the registration-based new share sale reform lies in at the core of capital market reforms, as it will give full play to market forces in supporting innovation.

"COVID-19 has been rampaging over the world, which requires the international community to further enhance global health governance," the report, released by the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said. "As a responsible country, China should take the opportunity to further participate in and contribute to global health governance and share its wisdom in that regard with the rest of the world."

"But now Gambia has good relations with Beijing. So it will benefit from measures to help Africa raised at the Johannesburg summit," Liu said. Gambia now also will see increasing Chinese investment, he said.

"China is entering a new stage of institutional and rule-based opening up, which is more advanced compared with the opening up of the market," said Zhang Monan, a research fellow of the China Center for International Economic Exchanges.

"By virtue of big data and artificial intelligence, the offline stores will better capture consumers' shopping habits and preferences, and make accurate recommendations."