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China urged the United States on Wednesday to abandon a Cold War mentality and zero-sum thinking, as US President Donald Trump labeled China and Russia "rivals" that threaten US values in his first State of the Union address.

China will actively foster new growth drivers by promoting technological innovation, restructuring traditional sectors, helping businesses innovate and pressing ahead with military-civilian integration.

China welcomes France to actively participate in the Belt and Road Initiative, and stands ready to expand third-market cooperation with the French side, he said.

China will be stepping up financial support for the manufacturing industry, small businesses and international trade companies to promote economic recovery and high-quality development, senior bank executives said.

China treats both Chinese and foreign companies in its territory equally and will increase the protection of intellectual property rights, Li said.