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The corps are a special social organization, integrating the functions of the Communist Party of China, military, government and enterprises. They were established in Xinjiang in 1954 to develop frontier regions and consolidate border defenses, a historical practice of China dating back centuries.

The country has recorded more than 160,000 deaths, nearly a quarter of the world's total.

The conference has been convened every five years since 1997 and is widely considered to set the tone for financial reforms.

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The country will also introduce more opening-up measures for agriculture, mining, manufacturing and services and allow wholly foreign-owned enterprises to operate in more areas, said Ning Jizhe, vice-minister of the National Development and Reform Commission, on Wednesday.

The consequences for economies that are the most dependent on tourism are severe. The World Travel and Tourism Council estimates that over 60 million jobs in the travel and tourism industries will be lost in the Asia-Pacific region.

The country is still facing rising risks of imported cases and domestic resurgence, said Mi.

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The coronavirus pandemic has ended a decade of US economic expansion, but the Federal Reserve pledged on Wednesday to use every tool it has to help fuel a recovery.

The country aims to cap its total energy consumption at 5 billion tonnes of coal equivalent by 2020, according to a government plan for 2016 to 2020. This will amount to a 15-percent reduction in energy use per unit of GDP by 2020.

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The country is a new force in development. As a global civilization, China now has an opportunity to influence and accelerate economic and social development worldwide.

The cost of green projects will be gradually reduced and profit increased thanks to rising awareness and an improving green finance mechanism, Chen added.