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China relies on imports for most of its soybean consumption, with the US being the second-largest source of imports for China, after Brazil. Nearly 60 percent of all exported soybeans from the US went to China between 2015 and last year.

China upholds an open attitude on importing more agricultural and livestock products from Bolivia, President Xi Jinping said on Tuesday.

China saw the registration number of customs declaration entities (exporters and importers) jump 53 percent year-on-year to 26,709 in March, accounting for 67.72 percent of the country's total during the first quarter of this year, the General Administration of Customs said on Sunday.

China urged the EC to strictly abide by WTO rules to correct the improper ruling as soon as possible, he stressed, pledging to take necessary measures to defend the rights of Chinese companies.

China stepped up efforts last year in preventing abnormal financial volatility and properly handling local government debt risks.