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China is likely to leave its benchmark interest rate unchanged in the near future amid reasonable inflation rises and a stable yuan, even with the higher likelihood of a United States Federal Reserve interest rate rise next month, according to analysts.

China has set a target for new energy vehicles, which consist of electric cars, plug-in hybrids and fuel cell vehicles, to account for a fifth of auto sales by 2025, compared with the current 5 percent.

China is optimistic about the broad prospects of mutually beneficial cooperation with Victoria, Lu said at a regular news conference in Beijing.

China has the largest livestock breeding industry in the world, and soybeans are a major source of protein in livestock feed. In 2017, China imported more than 32.85 million metric tons of soybeans from the US, accounting for 34.4 percent of China's total soybean imports.

China is gearing up for more moves to bolster reform and opening-up after President Xi Jinping pledged at the opening of the Second Belt and Road Forum for International Cooperation last month to ease market access for foreign capital, increase imports of goods and services on a larger scale, and boost the protection of intellectual property rights.