The conference, the first of its kind in South America, ended without a declaration of consensus among members.
The country is also phasing out limits on foreign ownership in automotive joint ventures by 2022.
The country will allocate energy and resources more appropriately and raise utilization efficiency. It will continue reducing emissions of major pollutants and improving ecological environment, make ecological security shields more solid, and greatly improve urban and rural living environment.
The country has been stepping up efforts in recent years to offer foreign investors wider access into the domestic financial market. The Shanghai-Hong Kong bond connect program was approved in May this year, which allows investors from both sides to trade bonds on each other's interbank markets.
The country usually trades with China via Muse, Lweje, Kanpikete, Chinshwehaw and Kengtung border points.
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 continue to implement a proactive fiscal policy and prudent monetary policy, according to the annual Central Economic Work Conference held in December, 2019.
The country also determined to reduce or restructure coal production capacity by another 500 million tons during the same period.
The country will actively use imports to increase the supply of meat and other farm produce in the domestic market, the circular said.
The consultation was made to discuss the disarmament of the JSA, which was agreed upon by defense chiefs of the ROK and the DPRK during the Pyongyang summit in September between the ROK President Moon Jae-in and top DPRK leader Kim Jong-un.