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"China hopes that the two countries will enhance understanding, manage and control differences and expand cooperation through Pompeo's visit, pushing forward bilateral relations to keep developing on the right track," he said at a regular news conference.

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.

"China is the world's second-largest economy, and the way it adjusts and adapts to a world where it will have more engagement with different countries is incredibly important."

"China is taking a leadership in maintaining free trade, and actively collaborating with international partners. The world cherishes that leadership, because collaboration and not confrontation is the way forward."

"China has started relatively late in the development of commercial endowment insurance and thus lacks enough experience. It is important to learn from advanced experience worldwide, continue to open up our insurance sector, and in this process, develop our own commercial endowment insurance to meet the needs of an aging society," Li said.