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China's central bank, or the People's Bank of China, announced on Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.

China's bond market will likely become a major magnet for foreign capital in the next three to five years as the Chinese currency is expected to stay strong, said Hu.

China's Foreign Ministry spokesman Lu Kang said on Tuesday that Beijing hopes both New Delhi and Islamabad "can exercise restraint and adopt actions that will help stabilize the situation in the region and improve mutual relations".

China will continue to treat domestic and foreign-funded enterprises equally, constantly optimize the business environment, encourage fair competition and cooperation, and achieve mutual benefit and win-win results, Li said.

China will work toward meeting the highest international standards, encourage workmanship, and ignite a revolution in the quality of Chinese-made goods.