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China has no intention to start a trade war with the United States and will not initiate one, but the country can cope with any challenge and will defend its national interests, China's top commerce official said on Sunday.

China has been named the Country of Honour at this year's event and around 60 Chinese TV and film companies are participating in the four-day event at the Palais des Festivals et des Congres

China has launched 18 commodity options over the past three years, and the country has become the world's largest market for commodity derivatives.

China began phasing in waste restrictions four years ago, before stopping most plastic and paper last July. Ellin wrote a letter to the government in September calling for urgent action in light of the ban.

China appreciates Myanmar's active involvement in the Belt and Road Initiative, Xi said, adding that Beijing will comprehensively consider development strategies of the two nations to promote cooperation in fields like trade and investment, infrastructure, energy, hydropower and border economic cooperation zones.