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"Further economic reform in China also would provide strong benefits to the United States," the report said, adding it would help address the large role of state-owned enterprises in China's economy.

The pledge was made during a meeting here between Chinese top political advisor Yu Zhengsheng and Pakistani Senate Chairman Mian Raza Rabbani.

The two sides held in-depth discussion on economy and trade. The Chinese representatives noted that the China-U.S. economic relationship has been moving forward on a basis of win-win cooperation, and the two countries are each other's largest trading partner, from which the two peoples have benefited a lot.

"Transportation connectivity is the founding priority of the implementation of the Belt and Road Initiative," Wu said.

Price increases were well retained in China last year. The CPI only increased 2 percent from a year ago, far below the official 3-percent upper limit. The mild consumer inflation, along with a full-year PPI decline, prompted China to implement a prudent monetary policy with an easing bias last year.