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China also lowered the tariff on imported industrial products last year. Beginning from July 1, the 20-25-percent tariffs for imported vehicles were cut to 15 percent, and duties on auto parts were lowered to 6 percent from the previous levels of 8 to 25 percent. At the same time, duties on more than 8,000 types of industrial products were also lowered to different extents.

China and the United States, as two major powers in the world, should work hand in hand to jointly respond to risks and challenges, and make their due contributions to human development, said Zhang.

China aims to build Hainan into an international tourism and consumption center by 2025, with plans to ease restrictions on its offshore duty-free policy and develop cross-border cruise tourism.[Photo/Xinhua]

China and the ASEAN in recent years have achieved a series of cooperation outcomes in technological communication and building laboratories as well as science parks, he said, and the two sides should take this year as an opportunity to push forward technological innovation cooperation to inject new impetus into China-ASEAN cooperation as well as to East Asia regional development.

China and India could work together to build an even closer partnership in the new era as the countries' leaders reset their relations through the just-concluded informal meeting in the coastal city of Chennai in southern India, officials and experts said.