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China now consumes 37 percent of the global production of seafood and aquatic products, which is seven times higher than the total consumption of the whole of North America, according to a report published in January by Rabobank. It is estimated that over the next decade, China will be responsible for more than half of the global seafood consumption growth.

China struck back with a tariff plan of equal scale on a list of US products including soybeans, automobiles, aircraft, and chemical products.

China ranked the 41st among 172 countries last year.

China published a guideline on Thursday on improving the market-based allocation of production factors in a bid to further facilitate their free and orderly flow and stimulate market vitality.

China started employing the negative list approach to foreign investment in 2013 in the China (Shanghai) Pilot Free Trade Zone (FTZ), and expanded the trial run to four regions in 2015.