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China strongly urged the US to stop the provocations and refrain from damaging the peace and stability of the region as well as Sino-US cooperation, he added.

China now has the world's largest middle-income population and is set to end absolute poverty, which has haunted the nation for thousands of years.

China rolled out guidelines in late April allowing foreign investors to set up securities trading firms with holding status as part of China's opening-up efforts in the financial sector.

China pledged to keep a close eye on the unfolding impact of the United States' tax overhaul, which was passed by the Senate on Saturday, and it called for more tax policy coordination under the global governance framework.

China will continue to push cooperation on the Belt and Road Initiative and will build it into a new platform for international cooperation and work with Belt and Road countries to foster new growth drivers, Gao said.