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China is forecast to be second only to the US in the total value of wine sales. Although exports to China represent only 4 percent of the all US wine exports, the Chinese market has grown more than 450 percent in the last decade, according to Wine Institute statistics.

China is now a big trader in goods. We do run a trade surplus in goods, but that's not our intention. What we want is more balanced trade. At the same time, China is running a deficit in trade in services, which has continued to widen year by year, including in the financial services sector.

China is making progress saving energy through its railways. Data from China Railway showed that in 2018, the national railway energy consumption converted to standard coal reached 16.2 million metric tons, 25,700 tons lower than the level in 2017.

China is strengthening efforts in high-quality intellectual property development while seeing a surge of IP-related registrations, according to an official at the country's top IP regulator.

China is ready to boost the synergy of the two countries' development strategies and expand cooperation in various fields including trade, investment and energy within the framework of co-building the Belt and Road, Wang said.