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China has around 90 million private businesses, which are key to boosting development and increasing jobs, Li said. According to the State Administration for Market Regulation, China has 110 million market entities, including 34.74 million enterprises. Last year, 6.7 million new enterprises were registered.

China has always maintained that differences should be resolved through dialogue and consultation, Yang said, adding that China opposes the use of force in international relations.

China has been the world's largest market for new energy vehicles since it overtook the United States in 2015.

China expressed strong dissatisfaction and opposition on Monday to a meeting between United States National Security Adviser John Bolton and Taiwan's security chief Lee Ta-wei.

China has no intention to start a trade war with the United States and will not initiate one, but the country can cope with any challenge and will defend its national interests, China's top commerce official said on Sunday.