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The country is aiming to lift all rural residents living below the current poverty line out of poverty and eliminate poverty in all poor counties and regions by 2020.

The country will also accelerate the building of key waterway projects from Chaotianmen to Fuling, and coordinate preliminary work of the construction of the new water transportation channel of the Three Gorges hub.

The country's airports handled an average 12,790 flights a day in 2016, up from 8,973 in 2012.

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The country is a new force in development. As a global civilization, China now has an opportunity to influence and accelerate economic and social development worldwide.

The conference is a major event aimed at promoting the city to potential investors and listening to their comments on its business environment. Over 1,800 enterprises from around the world attended the conference.

The country contained the rise in financing costs of small, private companies last year through a number of measures, including cutting the reserve-requirement ratio by four times, Li said.

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The country exported 2.2 million tonnes of scrap steel last year, compared with just around 1,000 tonnes in 2016, according to the China Iron and Steel Association.

The country is a major importer of crude oil. CNPC Economics and Technology Research Institute estimated China's reliance on oil imports exceeded 65 percent in 2016.

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The corresponding figures for the United States are 138 billion yuan and 552 yuan respectively.

The country vowed to ease restrictions on overseas banks' access to the securities investment fund custodian business and to further open up the futures market.