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China still lags many other markets when it comes to logistics performance. In 2016, the country ranked No 27 on the World Bank's Logistics Performance Index, which measures each market on logistics environment, core logistics processes, delivery time and cost.

China overtook the US in 2015 as the world's largest new energy vehicle market.

China urged the EC to strictly abide by WTO rules to correct the improper ruling as soon as possible, he stressed, pledging to take necessary measures to defend the rights of Chinese companies.

China welcomes US companies to continue expanding their investment in the country and supports the strengthening of mutually beneficial cooperation by firms from both sides, said a senior government official.

China should be fully prepared to overcome the difficulties that lead to economic downward pressure, he said, adding that the country is at a critical moment in transforming its development model, optimizing the economic structure and identifying the driving forces of growth.