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Echoing his concerns, BlackRock Investment Institute pointed out in a latest report that the U.S. economic expansion is shifting into "a late-cycle phase" of the business cycle, the final phase before a downturn, as fiscal and monetary stimulus is dissipating while the impact of protracted trade tensions is biting back.

Some analysts cautioned that a disruption to the trade relationship between China and the United States would roil international economies.

Wang also said China values France's clearly-reiterated stance that France opposes unilateralism and advocates for safeguarding the multilateral trading system.

--In New York

Increased attention to traditional Chinese culture has not just been a fashion in China in the recent years. In 2016, UNESCO inscribed China's Twenty-Four Solar Terms on the Representative List of the Intangible Cultural Heritage of Humanity, signaling the importance attached to them by the global community.