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The U.S. trade deficit with China, affected by many factors, is the result of market effect. The United States has reaped a lot of benefits from its trade with China, and its argument of being taken advantage of is completely untenable, the spokesperson said.

This letter is a strong response to a few Western countries' groundless accusations against China, Geng stressed.

Across the country, an education campaign on the theme of "staying true to our founding mission" has been launched throughout the Party in which members are called on to keep firmly in mind the fundamental purpose of whole-heartedly serving the people and its historic mission of realizing national rejuvenation.

In McDermott's view, SAP is performing well in China thanks to its close cooperation with Chinese partners like Alibaba and China Telecom and contributes to the Chinese economy as well.

China needs to reduce people's savings rate from around 25 percent to a lower level by building a sound social safety net, according to Gill.