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Debt-for-equity swaps will be pushed forward based upon market principles and China will explore more ways to implement swap programs, the meeting decided.

David Sprouts (fourth from left), president of New York School of Interior Design (NYSID), Qian Zhijian (thrid from left), assistant professor of art history at City University of New York and Li Liyan (fourth from right), cultural counselor at the Chinese Consulate General in New York pose in front of Song Xi's (second from left) work Life in Full Bloom at the NYSID on Monday. [Provided to China Daily]

Dairy was the main contributor to total goods exports reaching 5.2 billion NZD (about .4 billion), up 371 million NZD (about 5 million) from the same month last year.

David Roth, CEO of WPP Global Retail Business, noted that Chinese brands should go beyond product launching and make more efforts in building brand image with human touch and unique identity. "This is the key for Chinese companies to successfully establish themselves overseas."

DPRK's vice foreign minister Ri Thae-song warned in early December that Washington would soon need to decide what kind of "Christmas gift" it would like to receive from Pyongyang.