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The country will continue to implement proactive fiscal policy and prudent monetary policy, amid efforts to maintain necessary support for economic recovery, the meeting said.

The conference has so far attracted experts and scholars from more than 40 countries and regions and various international organizations, Wang said.

The convenient access policy deepened the connectivity, economic, trade and cultural exchanges between Hainan and the countries enjoying visa-free policies, Liu said.

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The country supports platform enterprises to pursue innovative development and enhance international competitiveness, and supports the joint development of the public and non-public sectors.

The country will offer subsidized vocational skills training to more than 50 million people from 2019 to 2021, according to a plan for a vocational skills training initiative released by the General Office of the State Council.

The country will also put a hold on an industry oversight charge levied on banks and other financial institutions, and reduce the fees charged by public security departments for issuing licenses.

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The country has reported more than 2.99 million COVID-19 cases with over 131,000 deaths, according to the latest Johns Hopkins University tally. Both figures are far higher than those in any other country or region.

The contract value of newly signed projects between the two sides reached .75 billion in the first 10 months, up by 10.6 percent on a yearly basis, reflecting strong resilience and huge potential for cooperation between the two nations.

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The country has spawned a number of innovative companies with advanced technologies in e-commerce, finance, medical care, artificial intelligence and the ecotour sectors, according to the participants at the conference.

The country will also tailor investment to firm up public health services, vocational education, municipal utilities, and the renovation of old urban residential areas, he said.