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China will "take all necessary measures" to resolutely protect its legitimate rights and interests that might be hampered by the possible US initiation of a Section 301 investigation into the country, the Ministry of Commerce said on Thursday.

China will also share its practice and experience of reform and opening up during the last 40 years with the seminar attendees, in the hope that they will find the right fit in the economic development of China and of their own country, he added.

China will ban property developers, real estate agencies, as well as internet finance and micro-loan companies from providing illicit down payment financing for buyers. In early November, the Ministry of Housing and Urban-Rural Development issued a regulation that rules out any kind of financing for down payments on buying property.

China was No. 2 among US agricultural export markets in 2017, USDA data show. China is also a sizable market for US fresh fruit exports. According to the trade organization Product Market Association, US exports of fresh fruits to China were worth 4.5 million in 2017.

China saw shrinking output of refined copper in May, which fell by 5.2 percent to reach 711,000 tons.