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China is becoming more of an influence on the world economy as the country becomes a major trading partner for many nations and a growing source of foreign direct investment, he said on Tuesday at Fitch's Global Sovereign Conference in New York. Fitch is one of the "big three" US credit ratings agencies, alongside Moody's Investors Service and Standard & Poor's.

China has slapped a 25 percent tariff on pork and other agriculture products in response to the US imposing tariffs on Chinese aluminum and steel exports.

China is expected to advance in the rankings soon, due to the great potential and opportunities in its enormous market, triggering a surge in the number of AI professionals, experts said.

China hopes the "realistic and feasible" China-Russia joint initiative, which put forward a road map for resolving the nuclear issue on the peninsula, can get response and support from relevant parties, Liu said.

China is getting fully prepared to reciprocate if the proposed US tariffs on billion Chinese exports go into effect on July 6.