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The country will continue to expand investment in "new infrastructure" and other projects that bolster national development, such as 5G, data centers, urbanization, transportation, water projects and logistics infrastructure, said Meng.

The countries are the major destinations for criminals seeking to establish wire fraud terminals, set up operations and conduct their crimes, the ministry said.

The country has unveiled measures to increase natural gas supply, expand the gas pipeline network, improve gas reserves and make pre-arrangements for peak demand, according to Meng Wei, spokesperson of the National Development and Reform Commission (NDRC).

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The country will expand pilot programs in highway toll collection and streamline some charges in ports, Li said.

The construction of the second phase of the plant started in March 2018, with its total investment expected to exceed billion. The first part is near completion with equipment currently being tested and installed. The second part is scheduled to finish interior decoration by August, the company said.

The country rolled out tax cuts and fee reductions that totaled over 2 trillion yuan (0 billion) last year, with manufacturers the primary beneficiaries. Their value-added tax rate was cut from 16 to 13 percent.

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The conference called for efforts to stimulate the vitality of market entities, ease market access, promote fair competition, protect intellectual property rights, build a unified market and create a market-oriented, law-based, and internationalized business environment.

The conglomerate will tap into eight businesses already based in the national development zone, boosting the ancient city’s development by making use of its advantages in internet finance, data, retailing and e-commerce.

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The country saw its forex reserves fall in February to .134 trillion, down .98 billion from the previous month, following 12 consecutive months of rises, according to data from the State Administration of Foreign Exchange.

The country would like to "jointly understand, protect, develop and participate in the governance of the Arctic, and advance Arctic-related cooperation under the Belt and Road Initiative," so as to build a community with a shared future for mankind and contribute to peace, stability and sustainable development in the Arctic, according to the white paper.