The China-Pakistan Economic Corridor will benefit not only the two countries but also the region, and the two countries will continue to "scale the heights", he said.
The China Banking and Insurance Regulatory Commission has also limited commercial bank's risk exposure to avoid systemic risk. A commercial bank's risk exposure to an interbank client shall not exceed 25 percent of its tier-1 capital, according to a document released by the regulator on Friday.
The China Banking and Insurance Regulatory Commission will appropriately increase the tolerance for potentially nonperforming loans granted to micro and small enterprises. It will also encourage banks to establish long-term institutions that will lend to small businesses, increase their willingness to lend, and enhance their lending capabilities, said Zhou Liang, vice-chairman of the commission, at a news conference on Friday.
The Chinese State Council last week approved a pilot plan to open up Beijing's service industry by removing some restrictions on the sector. Local governments will ease restrictions on foreign investments, streamline regulations and encourage innovation.
The ChiNext Index, which tracks Shenzhen's innovative startups board, leaped by 1.37 percent to Wednesday's close at 1993.90 points, driven by technology and battery companies. The index hit an intraday high at 2004.39 points, the first time it has stood above 2000 points in more than three years.
The Chinese government has also issued policies to promote the use of modern agricultural machinery, such as offering subsidies to encourage the use of drones in agriculture.
太原市医保肛肠科医院
The Chinese art and culture are quite breathtaking and unique said Jean Marie Iyamuremye, a university student who watched the performance.
The China-Maldives Friendship Bridge, a landmark for the 21st Century Maritime Silk Road under the Belt and Road Initiative, is opened on Thursday in Maldives. It connects Male with the airport island of Hulhule. [Photo by Wang Mingliang/Xinhua]
The Chinese leader called on the two sides to enhance the complementarity of their development strategies and work for substantive progress in bilateral cooperation in key areas such as infrastructure, trade, industrial capacity, cross-border economic cooperation zones and agriculture.
The Chinese dream is one of the nation's development, not one of hegemony. A stronger China will only have positive effects.