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As the venue of the biennial China-Arab States Expo, Yinchuan, capital city of Ningxia, has become "a new name card" for China's opening-up, as the Belt and Road Initiative is being pushed forward on a comprehensive scale, said Foreign Minister Wang Yi, while addressing an event organized by the Ministry of Foreign Affairs to attract business and investment to Ningxia last year.

As they have built up pillars for the whole country, we have to build up pillars for them as well," Gao said.

As the trade tension escalates between China and the United States, US experts are calling for negotiations to settle the disputes.

As the central bank, the People's Bank of China, launched its massive reverse repurchase operation after the Spring Festival - injecting additional liquidity to boost the economy - investors anticipate that more stimulus measures like this are underway, said Linus Yip Sheung-chi, chief strategist at First Shanghai Securities.

As the major driver and stabilizer of the global economy, China will push forward a new pattern of all-around opening-up to pursue mutual benefit with the rest of the world, according to a statement released after the Central Economic Work Conference concluded on Wednesday.