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China has implemented a program focusing on poverty reduction and the improvement of public welfare in Africa and East Asia. It is actively helping countries in the Mekong River basin to tackle severe drought by releasing emergency water supplies. It is also providing technological aid for flood control in Thailand and Myanmar.

China has become an important growth driver in services trade in recent years, according to a 2019 report issued by the World Trade Organization. China's own official statistics show that the country's trade in services grew from 4.2 billion in 2015 to 5 billion in 2019, with annual average growth hitting 4.7 percent, ranking second in the world.

China has noticed this so-called renminbi devaluation probes to its countervailing cases. China firmly opposes this kind of behavior, the head of the ministry's Trade Remedy and Investigation Bureau said in a statement on Thursday.

China has become an integral part of the growth plans of many US businesses, not just because of its sheer size but also due to its strategic importance, according to Stephen Shafer, president of 3M China, the Minnesota-headquartered conglomerate.

China has always attached importance to protecting intellectual property rights by formulating laws and regulations, cracking down on violations and raising public awareness of intellectual property rights protection, she said.