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China is working hard to build a more integrated global community. Sei, who is also a nonresident scholar with the Shanghai Institute for International Studies, said the Belt and Road Initiative is a clear example of this as it aims to promote tighter economic ties worldwide that are mutually beneficial for all.

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 will also fast-track allocations of central fiscal funds and enhance capital efficiency to enable social capital to join the effort, according to the plan.

China is willing to share the pathogenic microorganism strain of COVID-19 under the framework of the WHO to enhance international cooperation on developing vaccines, test kits and new drugs, he said.

China relied on New Zealand for its cheese imports before it cut the tariff on US cheese, but China's cheese demand has increased more than sevenfold over the last 10 years to 100,000 metric tons, according to Milk Magazine, and the country is looking to other markets. With the tariff now at 8 percent, US producers can be much more competitive in the Chinese dairy market.