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China has welcomed the visit by the US delegation. Foreign Ministry spokeswoman Hua Chunying said last Friday that "we are willing to hold negotiations with the US on the basis of mutual respect and equality".

China has vowed continued efforts to prevent various financial risks and foster a healthy investment environment, with the country's two major stock exchanges having already released rules to force companies to exit the equity market for serious law violations.

China is building a socialist market economy through progressive reforms, according to Justin Lin Yifu, a professor at Peking University and former World Bank chief economist.

China has served as an important stabilizer of the world economy and powerhouse for global growth. Against the backdrop of a sluggish world economy, China's GDP expanded 6.7 percent year-on-year in 2016, contributing to more than 30 percent of global economic growth, much higher than each of the other major economies.

China is confident that it will continue its current robust industrial growth momentum, with notable improvements in production recovery and key technology upgrading, the country's top industry regulator and experts said on Thursday.