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China is accelerating growth, raising living standards and alleviating poverty. The country aims to move up the value chain and meet the needs of a more sophisticated consumer group, so it will require expanded imports of premium technologies and goods, and needs to forge sound global partnerships.

China imports more than 1 billion metric tons of iron ore each year. As such a large importer, it has a responsibility to provide transparent iron ore futures prices, Li added.

China has strong resolve, a firm will and robust national strength to respond to challenges, and it possesses adequate confidence, capabilities and wisdom to overcome various risks and tests, he said.

China is the world’s second-largest oil consumer and in 2017 overtook the United States as the biggest importer of crude oil. Its demand is a key determinant of global oil prices.

China has stated that the United States should refrain from discussing the settlement of the denuclearization of the Korean Peninsula within the context of China-US trade.