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Chitando said the deal, to be implemented over years, will see the establishment of a 2 million tonnes steel plant in Mvuma, with the initial phase producing 1 million tonnes of carbon steel and the second phase producing another 1 million tonnes of stainless steel.

Clara Cortes, a representative of Siegel, a family-owned winery specializing in premium wines, noted her company's shipments to China grew 16 percent last year.

Chinese search engine Sogou Inc pinned its hopes on input method being a key factor driving the company to be a major player in the industry, said Sogou CEO Wang Xiaochuan in a panel discussion on Tuesday — a day after the company released its first financial results since its New York Stock Exchange debut in November.

Christine Lagarde, managing director of the International Monetary Fund, said at the forum that China's increased focus on the long-term success of BRI projects and the BRI debt sustainability framework "are very welcome steps in the right direction".

Chongqing grabs the spotlight on New Year's Eve in New York as dragon dance performances take over the 2018 Times Square New Year's Eve countdown on Sunday. [Photo/chinadaily.com.cn]