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The Korean company LG Electronics, a major foreign supplier of U.S. washing machines, has already announced a price increase of 50 U.S. dollars per washer in response to the new tariffs.

-- The latest round of healthcare reform began in 2009, with "healthcare for all" as its core objective. All public hospitals have joined a program to end 60-year practice of drug price markups. Basic medical insurance now covers 1.35 billion people, 95 percent of the population.

Yang said China had noticed Japan's positive attitude in developing relations with China for some time, and was willing to work with Japan to achieve further improvement and development of bilateral ties.

Zhang Qiyue, Chinese Consul General in New York, will ring the opening bell.

E-commerce is helping the process, with more and more of the rural population going online for business and shopping.