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China and Arab countries should build on the results of President Xi's initiatives announced during his speech at the headquarters of the Arab League in January, which charts the course for future development of friendly cooperation between China and Arab countries, Wang said.

The chamber gathers 12 major Chinese firms, including Sinohydro, Huawei, Harbin Electric International and Gezhouba.

For his part, Farrugia said Malta and China have maintained a sound relationship with frequent high-level exchange of visits and fruitful cooperation in various fields.

According to the Foreign Ministry, nearly 40 delegations from CICA member countries and observer countries as well as international organizations have confirmed attendance.

The exchange rate of the Chinese currency, the renminbi, should stay basically stable, and an exchange system based on market supply-demand metrics, two-way floating and flexibility will gradually take shape, the statement said.