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The new opening-up measures will permit foreign-funded insurance companies to invest in or set up insurance agencies in China.

China-proposed Belt and Road Initiative is a major contribution to multilateralism and international cooperation, Xi stressed, adding that China and other participating countries have upheld the principle of consultation and collaboration for shared benefits in the past five years and created many new modes of cooperation.

The medical team members were drawn from the staff of Health Bureau and Fire Department of Macao SAR government. A total of 120 members were divided into four squads, each consisting of doctors, paramedics, pharmacists, engineers and logistics personnel.

China and the United Nations Environment Programme signed a Memorandum of Understanding (MoU) in 2016, focusing on enhanced collaboration to build a green Belt and Road.

China has become one of the most popular investment destinations for global companies for years in a row since it launched the reform and opening-up drive 40 years ago, he said, adding that companies will choose which countries to invest in or which partners to cooperate with based on their interests and market rules.