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Chinese Foreign Ministry spokesman Lu Kang, when asked by reporters if China endorses the "Libya model" proposed by Bolton, said, "I am certain that you have never heard us saying that we endorse the Libya model."

Chinese Foreign Ministry Spokesperson Geng Shuang told a news briefing on Monday that the US government has been trumping up charges and abusing claims of national security to use state power in clamping down on a Chinese business. As the root cause of the chaos, its bullying practices not only hurts Chinese businesses, but also American ones.

China's plan to ease restrictions on stakes foreign carmakers can own in joint ventures with local partners and reduce automobile import tariffs will encourage competition in the domestic market and benefit consumers, experts said.

China-India relations underwent twists and turns in 2017 and leaders of the two nations since reached consensus during the BRICS Summit in September, establishing how to properly manage differences and build healthy and stable ties, Lu said. Ties have been improving since concluding dialogues and consultations, he said.

China's trade with the EU, the United States and Japan totaled 875.93 billion yuan, 668.01 billion yuan and 465.68 billion yuan between January and March of this year, dropping 10.4 percent, 18.3 percent and 8.1 percent year-on-year, respectively.