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Antoine Nkodia, adviser to the prime minister of the Republic of Congo in charge of economy, plan and special economic zones, said claims that Africa's debt is the fault of China take the responsibility away from African states themselves.

Anne Bishop

Another factor that reportedly drove down Brilliance's stock prices is BMW inking a deal last week to establish a 50-50 joint venture with Great Wall Motor.

Another key topic is whether the government will raise the budget deficit rate. A broad consensus has been achieved among officials and scholars before the high-level economic meeting that the government deficit-to-GDP ratio could be lifted to 3 percent, up from 2.8 percent in 2019, allowing the government to spend more on infrastructure construction projects.

Another highlight of the report is that developing countries are increasingly embracing science and technology for a better future. India and China have a strong science and technology ecosystem in areas like Artificial Intelligence and digital, and leapfrog innovation is helping people across Africa overcome infrastructure constraints.