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China said on Tuesday its cooperation with and assistance to Pacific island countries never target a third party, and called for other countries to jointly help promote the region's development and improve people's livelihoods.

China will also loosen foreign ownership limits to 51 percent in securities, fund management, futures and life insurance companies over the next few months, and the capital cap will be totally eliminated in three years, Yi said.

China should put a new mechanism in place to allow the central bank to buy bonds issued by the government to supply more funds to boost growth. [Photo/IC]

China was chosen as the first country to receive an AfS medical team, Wong recalled. "The need for treatment is huge - one in 350 children was born annually with the cleft anomaly."

China was the largest FDI recipient during the period, attracting more than billion in investment.