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China will cut taxes on commercial endowment insurance expenses for individuals in Shanghai, Fujian province and the Suzhou Industrial Park through pre-tax deduction starting May 1.

China's State pension system is "generally stable" and can pay for various social security programs in full and on time, You Jun, vice-minister of human resources and social security, said on Friday.

China's central bank will provide additional liquidity to help commercial banks meet capital adequacy requirements and ease lending concerns.

China will unswervingly move forward with bilateral win-win cooperation and welcomes the Republic of Congo to actively participate in the building of the Belt and Road to enable more fruitful outcomes from bilateral exchanges and cooperation in different areas, Xi added.

China's GDP expanded 6.8 percent year on year in the third quarter, compared with 6.9 percent in the second quarter.