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The CPC Central Committee should coordinate and supervise the holistic implementation of the reform, while local authorities and departments were urged to resolutely implement the reform tasks, said the decision.

Noting that both countries are at a crucial stage of development and enjoyed broad prospect of all-round mutually beneficial cooperation, Li called on China and Britain to take the opportunities and work together to forge ahead the Golden Era partnership at a new historic point.

The move went against the interests of China, the United States and the world at large, seriously violating the basic principles and spirit of the World Trade Organization (WTO), according to the spokesperson.

WILL U.S. BENEFIT FROM A TRADE WAR?

"We will unveil timetables and roadmaps to open up sectors including finance, new energy vehicles and gas stations," Wang said while addressing the China Development Forum in Beijing.