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China's proposed tariffs on US soybean and pork will have limited impact on domestic consumer inflation measured by the consumer price index, he added. Estimates show that if domestic soybean prices rose by 25 percent, China's CPI will still be kept at an average of 2.4 percent, well below the control target of 3 percent, for this year. Considering the fact that China can import such products from other countries, the real effect will be even smaller, Wang said.

Chinese State Councilor and Foreign Minister Wang Yi (R) meets with DPRK Foreign Minister Ri Yong-ho in Beijing, capital of China, Dec 7, 2018. [Photo by Wang Jing/China Daily]

China's reform will continue and the country's doors will open wider, Xi said.

China, built on its rapid return to growth, could lend an impetus to the world's economic recovery by expanding vaccine access, providing debt relief and sustaining global infrastructure investment, the International Monetary Fund said Wednesday.

China's railway department will start a new service to speed up the movement of goods during the upcoming Singles Day online shopping spree, in answer to the growing demand for logistics services.