Chinese President Xi Jinping will attend the opening meeting of the upcoming Boao Forum for Asia annual conference in South China's island province of Hainan and deliver a keynote speec.
Due to the surge in exploration of natural resources as well as the intensifying polar ice thaw, the Arctic is now becoming a new global economic and transportation hub.
China's decision also came after the US refused to respond to China's request for trade compensation negotiations with the US through the World Trade Organization (WTO) on March 26.