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China is willing to expand import of natural gas and crude oil from the US, and Chinese government encourages domestic companies to invest in the US, he said.

China will also regulate and manage Arctic-related affairs and activities within its jurisdiction in accordance with the law, steadily enhance its ability to understand, protect and develop the Arctic, and actively participate in international cooperation in Arctic affairs.

China manufactured 28.12 million and sold 28.03 million cars in 2016, up 14.5 percent and 13.7 percent respectively, the eighth year in row of being the world's largest automobile market, according to data from the China Association of Automobile Manufacturers.

China took a series of measures to invigorate its SOEs in 2019, including the mixed-ownership reform and the comprehensive reform of pilot areas in Shanghai, Shenzhen and Shenyang.

China should explore a modern bilateral investment negotiation model that covers both outbound investment and utilization of foreign capital.