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China will invest billion in 27 projects in Pakistan that the two sides have recognized as vital for the socioeconomic development of Pakistan.

China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to hold the currency as a reserve asset, according to a report from the nation's central bank.

China will issue 3.75 trillion yuan of special local government bonds, up 1.6 trillion yuan from last year.

China will take more measures, including improving services for people's daily lives and encouraging cultural and tourism consumption, as part of efforts to better meet the need for consumer sector upgrades to further unleash the potential of domestic demand.

China will not compromise on the Taiwan question, which concerns China's core interests, and will certainly take countermeasures if the bill becomes law, Ruan said.