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Foreign portfolio investment into China reached a record high of 120 billion U.S. dollars last year, as international institutional investors diversified their portfolio investment and China further opened up the bond market and stock market, he said.

Wang stressed the importance of putting innovation as the primary driving force behind development and promoting innovation-driven development via consultation sessions.

In a traditional Naxi costume of goatskin vest and a white robe, 42-year-old He guides tourists to learn the Naxi scripts, history, culture and tradition in his center of Naxi Dongba pictographs and paintings in the Old Town in the city of Lijiang, southwest China's Yunnan Province.

Matteo Bressan, a professor on international relations at University LUMSA, echoed Di Stefano. He said Italy's port advantage can facilitate the Belt and Road's construction and promote cultural exchanges and trade between the two countries.

As a strong pillar of bilateral ties, economic and trade cooperation will be a major topic for Ardern's meetings with the Chinese side during the visit.