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China so far has established 75 overseas economic and trade cooperation zones in 35 countries and regions. These also helped create up to 950,000 jobs by the end of last year. These zones have paid more than 0 billion in taxes to governments in host countries over the past four years, according to data released by the Ministry of Commerce.

China was selected on Friday to host the WorldSkills Competition in Shanghai in 2021 - an event it hopes to use for building a stronger team of skilled workers nationwide and to enhance international exchanges in vocational skills.

China was the United States' largest buyer of soybeans last year: .3 billion, according to the Department of Agriculture. China imports 90 percent of its soybeans, which includes 60 percent of US exports and 70 percent of Brazilian exports.

China will "take all necessary measures" to resolutely protect its legitimate rights and interests, which might be hampered by the possible US initiation of a Section 301 investigation into the country, said the Ministry of Commerce on Thursday.

China will continue to promote high-quality development and take pursuing supply-side structural reform as the main task, according to a statement released after the meeting.