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China sincerely hopes to help Pakistan develop faster and better and the two countries have a fine tradition of mutual support and assistance, he added.

China welcomes foreign oil and gas companies to continue investing in the country as the undergoing oil and gas industry reform is believed to bring more opportunities for cooperation.

China so far has had three rounds of pilot central SOEs mixed-ownership reform, with some firms, such as the country’s telecom giant China Unicom, having introduced non-State investors. The results of the reform have been broadly positive, Xiao said.

China will continue to be a magnet for foreign investment during the fourth quarter of the year, thanks to it being a key market and production base as well as innovation hub for many multinational corporations, said officials and experts.

China needs to communicate with the DPRK in various ways, and art exchanges are a perfect channel for cultural dialogue, Bao said.