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China should continue to carry out renminbi exchange rate reform and the opening-up of China's capital account to press for renminbi internationalization, Xiao said.

China welcomes US companies to actively participate in its market and will strive to create a fair and just environment, the Ministry of Industry and Information Technology said on Monday, citing a meeting it held with companies including Qualcomm Inc and General Motors.

China maintained the world's second-largest civil aviation market, with 660 million passenger trips in 2019, according to statistics from the Civil Aviation Administration of China (CAAC).

China urged the US to fulfill international obligations and take action to correct the wrong practice, while China will take measures to protect legal rights of Chinese companies, according to the MOC.

China joined the International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use, or ICH, in 2017.