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"Considering that the Chinese economy has not yet completely returned to normal, those industries and companies hard-hit by the pandemic are still facing relatively high pressure, and their ability to repay loans continues to weaken," said Belinda Zhang, PwC China financial services partner.

"China, bilaterally and through the Forum on China Africa Cooperation, has been undertaking fruitful economic partnership aimed at achieving sustainable economic development in the African continent," the statement quoted Gebeyehu as saying.

"China will continue to abide by WTO rules. We hope the United States respects and obeys WTO rules with practical actions, and safeguards the multilateral trading system with the WTO as its core," Hua said.

"Currently, the data of banking institutions lack accuracy, comprehensiveness and timeliness. These quality problems for data have prevented banks from heading toward high-quality development and have affected the regulatory efficiency," said the China Banking Regulatory Commission in a written explanation for the latest guidelines posted on its website.

"China's urbanization has been further advancing along with the development of the Belt and Road Initiative. It began in coastal areas and eastern city clusters, and then extended to China's midwest regions, leading to the rapid development of a host of lower-tier cities," said Ding from Nielsen China.