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Steady progress has been made in China's financial opening up and more measures are in the pipeline to ease access control, Yi said. "China will in the next step comprehensively adopt a negative list for market access management to propel two-way opening up in its financial sector."

China advocates and supports a multilateral trade system, the ministry said, noting that to suspend tariff concession on U.S. imports is a just move to safeguard China's interests using WTO rules.

According to the work report delivered at the second plenary session of the 19th CCDI by Zhao Leji, secretary of the commission, the CCDI should strengthen its collaboration with the National People's Congress (NPC), and pave the way for the passing of the supervision law, and the establishment of the national supervision commission at the first session of the 13th NPC, scheduled to open on March 5.

The Chinese state councilor urged the alignment of China's Belt and Road Initiative with Vietnam's "Two Corridors and One Economic Circle" plan, advance pragmatic cooperation in various fields, especially in infrastructure, industrial capacity and cross-border cooperation zone.

On Friday afternoon, chairman and vice chairpersons of the NPC Standing Committee also met and heard results of deliberations on the above mentioned documents. The meeting was presided over by Zhang.