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The continued decline in global oil prices may prove beneficial to the Chinese economy and businesses in the aviation and refining sector, analysts said on Tuesday.

The conference, which has been held every five years since 1997 and is widely considered to set the tone for financial reforms, also stressed that the central bank will play a stronger role in macro prudential management and guarding against systemic risks.

The country will establish such a list based on relevant laws and regulations to safeguard national security, public interest and the rights and interests of Chinese enterprises, the MOC announced Friday.

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The conference was supported by the Public Diplomacy & Culture Exchange Center, China's largest non-official diplomatic institute.

The confidence in a resilient Chinese economy also comes from the country's role in global supply chains.

The conference, held during a visit to Japan by Shandong government representatives, was meant to promote opening-up and cooperation between China and Japan and improve bilateral economic and trade cooperation.

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The conference was hosted by China Restaurant Insider, and its CEO, Qingchao, gave the opening speech at the conference.

The conditions of the people on board remain unknown.

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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 has topped the global auto market in sales for 11 consecutive years, and taken up one-third of the world's market, Fu said, adding that the number of vehicles in China is set to reach 270 million units by the end of this year.