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Chinese giant energy corporations, including State Grid Corporation of China, Sinohydro, Dongfang Electric, Shanghai Electric, have been carrying out mega projects in Arab states including Egypt, the United Arab Emirates (UAE), Morocco and Jordan over the past few years.

Xi said this year's Imperial Springs International Forum coincides with the 40th anniversary of China's reform and opening-up.

The meeting urged on hitting the target of lower lending rate for micro and small firms. Major commercial banks were called upon to work hard to cut their average lending rate by one percentage point in the fourth quarter comparing with the first quarter, and the unnecessary procedures and surcharges in financing will be removed. The meeting also called for effective measures to prevent credit risks.

By the end of September, China had 4.42 million mobile apps. The number of gaming apps had reached 1.37 million, ranking the first, followed by 532,000 daily service apps and 412,000 e-commerce apps.

During recent meetings with the Chinese leader, leaders of Pacific island countries that have diplomatic relations with China expressed their hope to deepen practical cooperation with China under the framework of the Belt and Road Initiative, Geng said.