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As the world's largest developing economy, the country still faces the problem of imbalanced, uncoordinated and unsustainable development at home and uncertainties of a faltering global recovery.

China’s securities regulator announced on Friday it will modify rules to help private companies to raise capital through sales of bonds and public shares, and encourage them to list overseas. And private investment would be encouraged in securities and futures brokerages, it said.

Foreign Ministry spokesman Liu Weimin made the remarks at a press conference in Beijing when asked to comment on the IAEA's latest report on the Iranian nuclear issue.

Fourth, the two countries should properly handle their differences and work for peace and stability, said Hu. He urged to push forward border talks in the spirit of peace, friendship, equality, mutual respect and mutual understanding so as to jointly safeguard peace and security on the borders.

Philanthropy in China has made great progress in recent years, said Li, noting that the number of non-governmental organizations established in China has hit 457,500, and most of them are involved in public service.