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China will continue to firmly support Pakistan to safeguard national independence, sovereignty and territorial integrity, President Xi Jinping said while meeting with Pakistani President Mamnoon Hussain.

China welcomes African countries to help build the Belt and Road. Cooperation will also be discussed at the Beijing Summit of the Forum on China-Africa Cooperation in September, he said.

China should protect private property rights and ensure fair competition between public and private companies so that entrepreneurs are keen to invest in emerging industries and are willing to withdraw from industries that have excess capacity.

China may cut the reserve requirement ratio in 2019 to ensure reasonably ample liquidity and stable economic growth, analysts suggested.

China welcomes investment from all countries, including Singapore, and will make more efforts to build a more inviting business environment of fair competition for domestic and foreign enterprises, Premier Li Keqiang said on Tuesday.