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China's Belt and Road Initiative is drawing on a new type of regional strategy that can lead to "Globalization 2.0," said a renowned Chinese expert on international relations.

China's 41 trillion-yuan (.6 trillion) investment by 2030 creates a huge market and also drives technological innovation, said Xie.

China will promote new infrastructure construction in the transport sector to advance its transformation to digitalization and the use of artificial intelligence, according to a guideline issued by the Ministry of Transport on Thursday.

China will strengthen its protections of farmers' rights and interests by extending the current round of rural land contracts for another 30 years, if a draft revision of the Rural Land Contracting Law is passed by the nation's top legislature.

China will offer other services, such as scientific research and meteorology, to countries in the region, Wang added.