The country has also decided to scrap business restrictions for foreign banks, securities firms and fund management firms, and implement an amendment to the management regulations for foreign banks and insurance companies.
The construction team is building a new road through the Taklimakan Desert, the largest desert in China, covering 337,000 square kilometers in the Xinjiang Uygur autonomous region.
The conference was supported by the Public Diplomacy & Culture Exchange Center, China's largest non-official diplomatic institute.
The confidence investors have shown has continued. Pirelli's stock price, which was 6.5 euros per share at the time of the IPO, has now grown to almost 7 euros. After the IPO, ChemChina remains Pirelli's largest shareholder, with a 45.5 percent stake.
The conference, to be held in Beijing next month, was initiated by President Xi at the annual Boao Forum for Asia in 2015. The session called Dialogue of Asian Civilizations was held at the Boao Forum the following year.
The country has also ensured the dispute settlement mechanism under the WTO framework. Despite the attempt of certain WTO member to obstruct the appoint of members of the Appellate Body, China has joined more than 60 members in submitting a proposal on starting the selection process at the earliest possible date.
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The country will establish a market-oriented and long-term mechanism that can curb real estate bubbles and prevent erratic fluctuations, according to the statement issued after the Central Economic Work Conference.
The consultation is open for comments until Friday.
The country hosts 2,300 heritage workshops that provide more than 460,000 jobs, the Ministry of Culture and Tourism says.
The cornerstone of the initiative - achieving shared growth through collaboration and equal participation - points to a new direction for improved global economic governance and offers a new model for international cooperation.