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China hopes to further enhance macroeconomic policy cooperation and to implement the important consensus achieved by the two countries' leaderships, said Wang.

China has vowed to lift all of its people living below the poverty line out of poverty by 2020. The country's poverty line is 2,300 yuan (4) in annual income.

China is also working to amend its anti-monopoly law, which was enacted 10 years ago. The amendment effort aims to make the law more adaptive to rapidly changing social and economic environments, Gan added.

China is pressing ahead with supply-side reform to achieve innovation-driven growth, and such reform is even more urgent for the decades-old state-owned industrial companies, which are commonplace in Heilongjiang, Jilin and Liaoning provinces.

China has published a list of threatened tariffs on billion in US goods, including soybeans, aircraft, and autos, and said it would hit back if Washington followed up with further measures.