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BEIJING, Feb. 8 (Xinhua) -- Financial literacy has become a catchphrase in China after decades of reform and opening up, with the country's economy becoming increasingly complex.

At the same time, the United States and China should move quickly to restart the seemingly dormant negotiations for a Bilateral Investment Treaty (BIT).

"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump tweeted one day after the announcement.

The EU is set to lay out plans on Wednesday to strike back against the U.S. move. European Commission President Jean-Claude Juncker said, "We will now impose duties on motorbikes, Harley-Davidsons, on jeans, Levi's, on bourbon ..."

During their talks held in the Great Hall of the People, Xi said King Tupou VI has made historic contribution to China-Tonga ties and he hoped that the royal family of Tonga would continue to play a positive role in the development of bilateral ties.