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China stands ready to promote a comprehensive cooperative partnership with Latin American countries in a sustained and steady manner, he added.

China released a host of financial opening-up measures last week, partly to attract more institutional, long-term investors into China's capital market.

China shipped a total of 75.43 million metric tons of steel to global markets in 2017, and the exports to the US accounted for only 1.18 million metric tons, while overall steel exports represented less than 10 percent of China's steel production, according to the National Development and Reform Commission and the General Administration of Customs.

China relies heavily on imported soybeans, most of which are used to produce animal feed or vegetable oil. More than 80 percent of soybeans consumed in China are imported.

China unveiled a new regulation on Thursday requiring most automakers to sell a minimum number of new energy vehicles annually from 2019, as part of the country's broader effort to curb carbon emissions by reducing the use of fossil-fuel powered vehicles.