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China's financial industry has embraced a new generation of information technologies and its spending on information technology is expected to reach 220.8 billion yuan by the end of 2020, global market intelligence firm International Data Corporation predicted.

Li attributed the steady recovery of the Chinese economy to the series of policies China implemented to provide relief to market entities. He said by supporting market entities, China will be able to sustain employment, which in turn will generate income and spur consumption necessary for bolstering economic growth.

In spite of China's earnest efforts to build China-U.S. relations on the basis of coordination, cooperation and stability, some U.S. politicians have made a series of strategic miscalculations over China-related issues, Wang said.

The third China International Import Expo was attended by over 3,600 companies from more than 150 countries and regions, sharing with the world the benefits and opportunities generated by the country's economic recovery and opening-up.

"The two sides should manage disputes yet to be solved with a constructive attitude to avoid their escalation in order not to impact the general picture of China-U.S. relations," said Wang.