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China had announced expansionary monetary and fiscal policies to curb the downturn risks at a very early stage of the virus outbreak. Most of these measures were quite different from the traditional methods to stimulate demand.

China has also pledged to expand imports, a major and a more direct way to share its development opportunities with the world.

China appreciates the support and security guarantees provided by Pakistan for construction of the Belt and Road and the corridor, Xi said.

China has about 25 million private enterprises, with registered capital exceeding 150 trillion yuan (.7 trillion) and contributing more than half the country's taxes, according to the industry federation. These enterprises also contribute more than 60 percent of the nation's gross domestic product, fixed asset investment and outbound investment.

China has now become the biggest foreign donor to Laos, biggest investor and the second largest trade partner of Laos, he said.