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In order to meet the needs of Chinese consumers, Chinese enterprises are willing to continue importing certain agricultural products from the United States that are marketable in China.

German pharmaceutical company Bayer said in its quarterly report that pharmaceuticals have registered an encouraging sales growth of 5.3 percent to over 4.3 billion euros (4.8 billion dollars) in the first quarter of 2019, "with business in China developing particularly well."

The costs for mass entrepreneurship and innovation should be lowered via more streamlined administration while implementation of tax incentives for research and development are accelerated, according to the meeting.

Summing up the experience and illumination in the past the four decades since China and the United States established diplomatic ties, Xi said the two sides both benefit from cooperation and lose in confrontation, and that cooperation and dialogue are better than friction and confrontation.

China saw robust sales growth of NEVs in the first four months this year with 360,000 NEVs sold, surging by 59.8 percent from the same period a year earlier.