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China warned that the Section 232 actions severely damage the stability of the multilateral trading system and distort international supply chains, with considerable negative follow-up effects.

China so far has had three rounds of pilot central SOEs mixed-ownership reform, with some firms, such as the country’s telecom giant China Unicom, having introduced non-State investors. The results of the reform have been broadly positive, Xiao said.

China recorded a 328 percent increase in dried cranberry imports from Canada, as indicated in a USDA report.

China is willing to further enhance cooperation with central and eastern European countries in areas of economic development strategy and planning, pushing ahead inter-connectivity in infrastructure and cooperation in trade and production capacity, a top official pledged.

China will accelerate capital market reforms this year, giving priority to expanding the market-based initial public offering system, improving the quality of listed companies and increasing market openness to draw more long-term institutional capital from home and abroad, analysts said.