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Analysts said the steady economic growth will give policy makers more leeway to control risks, reduce poverty and tackle pollution, which the central authorities have called "the three tough battles" for 2018.

Andrei Ostrovsky, deputy director of the Institute of the Far East at the Russian Academy of Sciences, said the visit means a lot, not only for Russia and China, but also to the region as well.

Analysts have said that since the new tariff would target retail items, along with other consumer goods, the impact on the US economy will be more direct.

Analysts believe the month-on-month slowdown, which was due to the high base from February, proved the fact that high inflation is highly unlikely this year and China's prudent monetary policy will continue this year.

And for US cranberry producers, the tariffs are crimping sales of the fruit that is a staple of American Thanksgiving dinners.