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"China should put unyielding effort into restructuring by eliminating outdated capacity and forbidding the construction of new capacity," he said.

Calling the initiative to establish the AIIB "a constructive move," Xi said it will enable China "to undertake more international obligations, promote improvement of the current international economic system and provide more international public goods."

An initiative called "Sky Net" unveiled by Chinese government saw 1,023 fugitives being returned from overseas in 2015, recovering 3 billion yuan (461.5 million U.S. dollars) in criminal proceeds.

The conference, which is the first of its kind, was attended by representatives of 12 Chinese newspapers, news agencies, radio and others, while more than 30 representatives of Arab media institutions in addition to the Arab League who have contributed in the proceeding of the conference.

China's think tanks should put the needs of the country and the people first and yield results for national development, Liu said.