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China stressed on Monday the door for dialogue and consultation regarding trade disputes with the United States has always been open, and international trade today needs rules rather than supremacy by any one nation.

China will continue to adopt a prudent and neutral monetary policy and a proactive fiscal policy in 2018, according to the statement. China must build and improve the mechanisms for pushing ahead high-quality development, the statement said.

China is willing to work with all parties to continue to strengthen communication and coordination and carry out discussions on issues concerning global strategic stability, so as to make positive contributions to global peace and security, Hua added.

China produced 15.4 billion cubic meters of shale gas last year, 41.4 percent more than the previous year, mostly from the Sichuan basin and its surrounding areas. The country's proven shale gas reserves rose by 513.1 percent on a yearly basis in 2019, to exceed 764.4 billion cubic meters. Newly added technical reserves exceeded 183.8 billion cubic meters, according to a report from the Ministry of Natural Resources.

China will continue to refine its intellectual property laws and improve its punitive damages system, said Shen Changyu, head of the National Intellectual Property Administration.