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"China adheres to reform and opening up to the outside world," said Lu, adding that "for those foreign firms that want to enter China, there is a basic rule: they must abide by Chinese laws and regulations."

The government should streamline administrative procedures and delegate power, cut taxes and fees, and bring down social security contributions to alleviate the burden on firms, it said.

Premier Li Keqiang said innovation should be placed at the core of national development to maintain economic growth.

Xi's Belt and Road Initiative is expected to be a focus during his talks with Egyptian leaders, which is estimated to offer important opportunities for Egypt's renewal.

After bitter rivalry lasting over half a century, the U.S. and Cuba restored their diplomatic ties on July 20, 2015. The two countries later re-opened their embassies in each other's capitals.