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"By labeling China a currency manipulator, the U.S. is in fact continuing its maximum-pressure approach in trade talks," said Liao Qun, chief economist of the China CITIC Bank International.

"We hope the US will exercise prudence and refrain from escalating tensions or undermining international and regional peace," said Hua.

During his visit to the Shanghai Electric Group, a leading equipment manufacturer, Li encouraged the company to be more competitive in the international market and further contribute to boosting the country's capabilities in making key equipment.

Geng called on other countries to be vigilant to avoid falling into the "American trap."

Xi's instruction was delivered at a meeting to review the achievements of the activity. The meeting was held in Huining of northwest China's Gansu Province Sunday.