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The half-day conference, scheduled from 8:45 a.m. to 12:15 p.m. on Jan. 10 at the Citigroup Center, is co-hosted by the National Committee on U.S.-China Relations (NCUSCR) and Peking University's China Center for Economic Research.

As China-U.S. relations rode on a bumpy road in 2018, the interactions between the two presidents have played an anchoring role in carrying the development of bilateral ties forward through tough times.

Germany's BMW announced in October that it will pay 3.6 billion euros (4.1 billion U.S. dollars) to raise its stake in BMW Brilliance Automotive, a joint venture with China's Brilliance Auto, from 50 percent to 75 percent.

Pyne said Australia appreciates China's important role in international and regional affairs and is ready to work with China to develop stronger, friendly and dynamic relations between the two countries and militaries.

Despite profound changes in the international situation and increasing instabilities and uncertainties, China's position in safeguarding the Iranian nuclear deal has not changed, neither has its commitment to developing China-Iran relations, Li said.