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Profits from ferrous metal companies dropped 7.8 percent year on year in April, compared with a 1.3-fold increase in March, while auto makers reported a 6.7 percent drop in profits, down from a 18.7 percent rise in March.

Over the past 20 years, Hong Kong has confronted many challenges including the Asian financial crisis in 1997 and global financial crisis in 2008.

They are also scheduled to deliberate a report on the central government's 2016 final accounts and an audit report on the central government's budget for 2016.

The forum was an important milestone in the global popularization and implementation of the Belt and Road Initiative, said Gerishon Ikiara, a lecturer of international economics at the University of Nairobi.

"After the formal opening ceremony in July, WEM will embark on an ambitious programme of partnerships and exchanges with cultural, diplomatic and educational institutions. This path exemplifies the values of cooperation and engagement with civil society, values that lie at the heart of Expos," said Dimitri Kerkentzes, deputy secretary general of the BIE.