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China has been committed to a road of cooperation for development and win-win, and will not take the West's old road of a strong country having to seek hegemony, Wang said.

China has implemented wide-ranging measures to restrict transportation and people's movement in a bid to control the spread of the novel coronavirus. As a result, different sectors of the country's agricultural industry have to cope with disrupted market chains and trade, shortages of staff and materials, shuttered businesses and dwindling consumption.

China approved the preparation application by a joint venture with American Express for setting up a bank card clearing and settlement institution last November, a step forward in the country's financial opening-up.

China has become one of Siemens' largest R&D locations worldwide. In its fiscal year 2016 ended on September 30, 2016, Siemens had over 4,500 R&D researchers and engineers, 20 R&D hubs and more than 11,000 active patents and patent applications in China.

China encouraged the United States to participate in the Belt and Road Initiative, which it said has "opened the gate of opportunities" for US enterprises, China's ambassador to the US said on Monday.