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China has revised the measures to implement regulations on the administration of foreign banks, in an effort to further accelerate the opening up of the country's financial sector to foreign investors.

China hopes that the US can take a serious attitude about going back to the negotiating table and ensure that negotiations are meaningful, said Lu.

China is the world's largest consumer market, with 400 million middle-income people and a large number of rural residents with strong purchasing power, he said, adding this will create huge market space for European firms and promote bilateral cooperation in areas such as the digital economy, smart manufacturing and new materials.

China is the world's largest beer market by sales. According to Kantar World Panel China, Tsingtao Beer tops the market share at 29.3 percent last year. The first three quarter of Tsingtao Brew this year has achieved revenue of 23.3 billion yuan and net profits of 1.87 billion yuan.

China has seen marked progress in combating poverty issues in the country's most impoverished regions over the past year, a period considered the crucial home stretch of the poverty reduction campaign, according to Liu, director of the State Council Leading Group Office of Poverty Alleviation and Development.