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China and New Zealand will start the first round of talks on upgrading the China-New Zealand FTA, which took effect in 2008, from April 25 to 27 in Beijing, according to Sun.

China and Uzbekistan pledged on Tuesday to further advance bilateral cooperation in areas of trade, investment, agriculture and connectivity projects related to the Belt and Road Initiative.

China announced a series of measures to reduce tariffs and expand imports at the 2018 Boao Forum for Asia Annual Conference, including a 55.9 percent average decline of the most-favored-nation treatment rates for various sectors, including food and beverages.

China and Germany share strong trade and economic ties, with both economies becoming highly complementary, experts said. China became Germany's biggest trading partner for the first time in 2016, and Germany has been China's largest trading partner in Europe for 43 years.

China and Russia have already forged a variety of oil and gas ventures and undertaken investments in recent years.