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China imports more than 1 billion tonnes of iron ore annually. As such a large importer, China has a responsibility to provide transparent iron ore futures prices, Li said.

China is Ireland's second-largest export market for pork and its third-largest market for dairy products, after the United Kingdom. Its seafood exports to China, primarily shellfish, have also grown strongly in recent years, said James O'Donnell, Bord Bia's director for Asia.

China is establishing a new development pattern featuring dual circulation, which takes the domestic market as the mainstay and allows the domestic and foreign markets to boost each other, Wang said, adding that China will open up the economy further and stands ready to share new business opportunities with partners.

China is still expected to be a major trading player with the countries in the North American Free Trade Agreement (NAFTA) — the United States, Canada and Mexico — as they renegotiate the pact.

China imported nearly 1.2 million metric tons of pork in the first eight months of the year, almost equivalent to the total amount imported last year, according to China's General Administration of Customs. Major exporters included Germany, Canada, Brazil and the United States.