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China is ROK's largest trading partner, with two-way trade volume in the first nine months of last year reaching 0.15 billion, according to the Ministry of Commerce.

China is improving the implementation of export tax rebates, tapping the potential of customs clearance reform and optimizing services for enterprises amid efforts to stabilize foreign trade and investment.

China is expected to reap at least 600 billion kg of autumn grain this year, Han said, adding that the output and inventory of wheat and rice will basically stay stable and adequate.

China is a partner, rather than a rival, and there is no fundamental conflict of interests between the two sides, he said, adding that the cooperation and consensus between them far outweighs competition and differences. He urged both sides to respect the other, seek common ground while shelving differences and keep enhancing mutual understanding and trust.

China has taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture, and medical treatment sectors. The Shanghai Pilot Free Trade Zone also issued the country's first negative list in the service trade field in October 2018.