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China's fixed-asset investment in transport infrastructure climbed 9.4 percent in the first seven months of this year to nearly 1.8 trillion yuan (0 billion), helping mitigate the economic impact of the COVID-19 pandemic, according to the country's transport authority.

China's investment in Yunnan's infrastructure picked up sharply after 2013 due to the Belt and Road Initiative and the establishment of the Asian Infrastructure Investment Bank.

China's consumer price index, a main gauge of inflation, rose 2.3 percent year-on-year in March.

China's latest action came after the US government started to impose punitive tariffs on billion of Chinese imports on Friday. China then retaliated by levying duties of the same amount to defend its interests.

China's development cannot exist separate from a good international environment and its development will also benefit the world, Wang said, adding that the Chinese government always pays high attention to people-to-people diplomacy.