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China is ready to join hands with Pakistan to deepen high-level exchanges, boost strategic communication and pragmatic cooperation as well as closely coordinate in international and regional affairs between the two sides, Wang said.

China has yet to fully liberalize its capital account, with programs such as QDII and Qualified Foreign Institutional Investors (QFII) providing financial institutions with quotas for outbound and inbound investment, respectively.

China is already making strides in deepening the rule of law to provide a solid foundation for reforms and opening-up necessary for high-quality development. Experts and officials believe more work is needed and will be done on this front.

China hopes to deepen Belt and Road cooperation with Nepal and reach more consensus with the country, a Foreign Ministry spokeswoman said on Monday while commenting on Vice-Premier Wang Yang's ongoing trip to South Asia.

China is strongly unhappy with and firmly opposed to Canada's "indiscreet remarks" over Hong Kong, Foreign Ministry spokesman Geng Shuang said on Tuesday, after Canadian Foreign Minister Chrystia Freeland issued a statement on Hong Kong on Saturday.