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A report released by HSBC in November, said that major rail lines, under construction or to be developed under the Belt and Road Initiative, will increase the volume and efficiency of intra-regional trade, and increase the productivity of the region with more efficient transportation.

Speaking to a round table on China's program for less developed countries known as the "China Program" during a WTO summit in Buenos Aires, Chinese Commerce Minister Zhong Shan said that China will promote the creation of a new configuration of integral opening-up, firmly support the multilateral trade regime and encourage the construction of a global open economy.

On July 23, 1921, the first National Congress of the CPC was convened at 76 Xingye Road in Shanghai, which was attended by 13 people from across China.

American beef is now back on restaurant menus in China. In November, Chinese e-commerce giant JD.com and the Montana Stockgrower's Association inked a 300-million-dollar beef deal.

"We will continue to pursue a win-win strategy of opening-up, share our development opportunities with other countries and welcome them aboard the fast train of China's development," Xi said at UN Office at Geneva.