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China is also weighing measures to include cities hosting the zones in a pilot program focusing on retail e-commerce imports, and to support businesses that build shared overseas warehouses, the Cabinet said.

China is a very complex country, with a huge population and big differences within one country in terms of geography, economic development, culture, prosperity, societal needs and speed of change. I believe the biggest challenge that China faces today is to find the best way to address the multitude of priorities and considerations it faces, as it tries to balance the need to maintain growth and social stability... while undertaking reforms that can potentially be disruptive.

China has taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture, and medical treatment sectors.

China hopes to further enhance macroeconomic policy cooperation and to implement the important consensus achieved by the two countries' leaderships, said Wang.

China is the net importer in China-US agricultural trade due to differences in resources between the two countries and China’s increasing demand. Increasing trade in agricultural products can benefit consumers in China and producers in the US, he said.